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LTP
5.48 (4.99%)
Volume
9,06,049
Market Cap
₹3,282 Cr
52W Low
₹52.60
52W High
₹161.70
LTP
-7.00 (-0.75%)
Volume
3,55,327
Market Cap
₹8,788 Cr
52W Low
₹341.55
52W High
₹1,059.00
LTP
-39.55 (-0.79%)
Volume
6,45,257
Market Cap
₹20,845 Cr
52W Low
₹1,585.00
52W High
₹5,488.00
LTP
-26.85 (-1.65%)
Volume
17,26,982
Market Cap
₹59,680 Cr
52W Low
₹450.00
52W High
₹1,794.70
LTP
-5.45 (-1.64%)
Volume
2,50,86,184
Market Cap
₹2,42,136 Cr
52W Low
₹123.50
52W High
₹340.50
LTP
-6.25 (-0.73%)
Volume
22,000
Market Cap
₹1,677 Cr
52W Low
₹238.50
52W High
₹949.00
LTP
-4.35 (-0.16%)
Volume
16,60,532
Market Cap
₹72,254 Cr
52W Low
₹314.85
52W High
₹2,979.45
LTP
-32.75 (-0.98%)
Volume
2,45,686
Market Cap
₹18,627 Cr
52W Low
₹1,735.00
52W High
₹3,655.00
LTP
-15.70 (-3.73%)
Volume
5,60,179
Market Cap
₹4,693 Cr
52W Low
₹235.30
52W High
₹451.90
LTP
66.45 (2.66%)
Volume
18,66,039
Market Cap
₹28,609 Cr
52W Low
₹577.05
52W High
₹2,833.80
LTP
-175.20 (-3.18%)
Volume
26,59,432
Market Cap
₹3,68,060 Cr
52W Low
₹1,767.80
52W High
₹5,674.75
LTP
14.40 (1.75%)
Volume
9,97,997
Market Cap
₹3,535 Cr
52W Low
₹618.80
52W High
₹1,249.00
LTP
-0.70 (-0.09%)
Volume
34,000
Market Cap
₹1,097 Cr
52W Low
₹184.05
52W High
₹1,130.00
LTP
-6.40 (-1.25%)
Volume
19,17,254
Market Cap
₹9,553 Cr
52W Low
₹304.00
52W High
₹547.50
LTP
35.05 (1.80%)
Volume
2,99,189
Market Cap
₹5,983 Cr
52W Low
₹1,600.00
52W High
₹2,920.35
LTP
10.45 (0.52%)
Volume
19,278
Market Cap
₹2,617 Cr
52W Low
₹360.00
52W High
₹2,245.40
LTP
-35.55 (-2.48%)
Volume
1,50,170
Market Cap
₹5,585 Cr
52W Low
₹604.45
52W High
₹1,592.70
LTP
8.55 (1.47%)
Volume
2,72,311
Market Cap
₹2,200 Cr
52W Low
₹341.60
52W High
₹664.40
LTP
142.20 (5.00%)
Volume
12,181
Market Cap
₹1,206 Cr
52W Low
₹690.85
52W High
₹3,548.00
LTP
-232.15 (-1.93%)
Volume
80,292
Market Cap
₹1,08,211 Cr
52W Low
₹3,655.15
52W High
₹13,298.00
LTP
22.35 (3.51%)
Volume
2,12,803
Market Cap
₹1,623 Cr
52W Low
₹199.30
52W High
₹710.00
LTP
-7.75 (-0.57%)
Volume
5,69,073
Market Cap
₹11,447 Cr
52W Low
₹575.00
52W High
₹1,486.35
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India has one of the strongest military forces globally. The three primary market segments of the Indian defence sector are military fixed wing, missiles and missile defence systems and naval vessels and surface combatants. There are other popular segments as well, including military land vehicles, submarines, military rotorcraft, tactical communications, artillery and electronic warfare.
In the Union Budget 2023-24, the capital allocations with respect to modernisation and infrastructure development of the defence services have been raised to ₹1,62,600 crore, which is an increase of 6.7% compared to the previous year. Since 2017, defence exports from India have grown by 334%, and the country exports to more than 75 countries in the world.
The Ministry of Defence has set a target of achieving a turnover of US $26 billion in aerospace and defence manufacturing by 2025, including US$ 5 billion in exports. As of 2021, India has the world’s third-largest defence expenditure and anticipates exporting equipment worth US$ 15 billion by 2026. The Indian Government is open to private sector participation in defence manufacturing.
Investing in defence stocks via Angel One is easy. Simply follow these steps:
If you don’t have a Demat account with Angel One, you can open one for free online within minutes.
Defence sector stocks are stocks of companies that are involved in the manufacture and supply of defence equipment, technology, and services.
Based on the market cap, Hindustan Aeronautics Ltd, Bharat Dynamics Ltd, Data Patterns (India) Ltd, and Paras Defence and Space Technologies Ltd are the top defence stocks in India. The data is as of February 02, 2024.
While analysing the defence stocks, you must check a company’s products and their domestic and global demand, competition, government support, regulatory compliance and financial health.
You can consider investing in defence stocks in India because of their constant demand, government support, and extended contractual commitments. This can create potential opportunities for companies and investors. However, consider your investment objectives and risk appetite before investing.
Taneja Aerospace and Aviation Limited is the best defence stock in India. As of February 02, 2024, the company’s 5-year CAGR is 67.41%.
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