Top 5 defence stocks to watch out for pre-budget gains
Subscribe to enjoy similar stories. India's defence sector is gearing up for a seismic shift as the government pairs record-breaking budgets with ambitious reforms, positioning the nation not just as a regional power but a global defence exporter aiming for ₹420 billion in exports by 2025. The Indian government ramped up its defence spending to ₹6.2 trillion in the 2024 budget, with expectations of an even larger allocation for the year.
The Defence Ministry’s announcement of 2025 as the ‘Year of Reforms’ signals a sector on the brink of significant transformation. Geopolitical tensions and the government’s Aatmanirbhar Bharat initiative have created fertile ground for domestic defence companies. Indian manufacturers are making strides in advanced aircraft, drones, missiles, and naval systems, attracting keen investor attention.
Defence stocks often rally pre-budget, buoyed by spending hikes and policy support. Here are five top defence stocks, filtered using Equitymaster’s screener and assessed for strong order books and strategic wins. Cochin Shipyard has cemented its position as a leader in constructing and maintaining maritime vessels, including tankers, bulk carriers, passenger ships, and defence vessels.
It's India's sole shipyard capable of constructing vessels up to 110,000 DWT and repairing ships up to 125,000 DWT. Cochin Shipyard has strategically diversified into inland and coastal shipping, fishing, and the cruise and ferry markets. Its portfolio includes advanced vessels such as platform supply and anchor-handling tug supply ships, underscoring its engineering prowess.
Read more on livemint.com
