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defence Stocks

India's defence sector is robust, encompassing segments like military vehicles, missiles, naval vessels, and more. With a significant increase in budget allocations and exports, the sector anticipates substantial growth. Considerations before investing include government support, geopolitical stability, technological advancements, contracts, global trade, and regulatory compliance. Angel One facilitates investing in defence stocks, with top companies like Hindustan Aeronautics Ltd and Bharat Dynamics Ltd leading in market cap. Evaluate companies based on product demand, competition, government support, compliance, and financial health. Taneja Aerospace and Aviation Limited stand out with an impressive 5-year CAGR of 67.41%. Read More
Company
LTP
Volume
Market Cap
52W Low
52W High

LTP

₹ 95.18

1.10 (1.17%)

Volume

3,81,055

Market Cap

₹2,886 Cr

52W Low

₹87.99

52W High

₹161.70

LTP

₹ 764.05

26.40 (3.58%)

Volume

69,232

Market Cap

₹7,033 Cr

52W Low

₹510.10

52W High

₹1,059.00

LTP

₹ 148.64

2.22 (1.52%)

Volume

3,13,654

Market Cap

₹3,563 Cr

52W Low

₹144.45

52W High

₹211.40

LTP

₹ 3,859.35

47.80 (1.25%)

Volume

1,35,654

Market Cap

₹15,882 Cr

52W Low

₹2,220.10

52W High

₹5,488.00

LTP

₹ 999.7

20.50 (2.09%)

Volume

1,30,697

Market Cap

₹35,908 Cr

52W Low

₹534.10

52W High

₹1,794.70

LTP

₹ 282.35

0.80 (0.28%)

Volume

64,17,259

Market Cap

₹2,05,734 Cr

52W Low

₹137.35

52W High

₹340.50

LTP

₹ 584

-4.75 (-0.81%)

Volume

9,800

Market Cap

₹1,147 Cr

52W Low

₹355.00

52W High

₹949.00

LTP

₹ 1,325

7.65 (0.58%)

Volume

1,04,881

Market Cap

₹34,620 Cr

52W Low

₹525.40

52W High

₹2,979.45

LTP

₹ 2,188.25

16.10 (0.74%)

Volume

67,408

Market Cap

₹12,163 Cr

52W Low

₹1,751.00

52W High

₹3,655.00

LTP

₹ 310.8

-7.50 (-2.36%)

Volume

3,46,980

Market Cap

₹3,544 Cr

52W Low

₹235.30

52W High

₹451.90

LTP

₹ 1,432.75

48.55 (3.51%)

Volume

4,67,484

Market Cap

₹15,863 Cr

52W Low

₹673.45

52W High

₹2,833.80

LTP

₹ 4,039.45

-27.45 (-0.67%)

Volume

11,11,975

Market Cap

₹2,71,894 Cr

52W Low

₹2,040.55

52W High

₹5,674.75

LTP

₹ 586.05

9.65 (1.67%)

Volume

41,377

Market Cap

₹2,480 Cr

52W Low

₹535.00

52W High

₹886.00

LTP

₹ 698.5

0.00 (0.00%)

Volume

23,250

Market Cap

₹957 Cr

52W Low

₹290.10

52W High

₹1,130.00

LTP

₹ 337.3

30.90 (10.08%)

Volume

27,20,014

Market Cap

₹5,740 Cr

52W Low

₹304.80

52W High

₹547.50

LTP

₹ 1,578.95

19.10 (1.22%)

Volume

28,418

Market Cap

₹4,770 Cr

52W Low

₹1,495.40

52W High

₹2,351.30

LTP

₹ 1,725

46.70 (2.78%)

Volume

12,065

Market Cap

₹2,236 Cr

52W Low

₹568.00

52W High

₹2,245.40

LTP

₹ 957.9

23.95 (2.56%)

Volume

38,664

Market Cap

₹3,766 Cr

52W Low

₹610.00

52W High

₹1,592.70

LTP

₹ 84.04

0.00 (0.00%)

Volume

2,586

Market Cap

₹529 Cr

52W Low

₹70.98

52W High

₹664.40

LTP

₹ 2,410

-18.40 (-0.76%)

Volume

966

Market Cap

₹1,030 Cr

52W Low

₹1,116.90

52W High

₹3,548.00

LTP

₹ 9,909.7

221.35 (2.28%)

Volume

11,430

Market Cap

₹87,820 Cr

52W Low

₹5,909.35

52W High

₹13,298.00

LTP

₹ 418

29.40 (7.57%)

Volume

12,852

Market Cap

₹991 Cr

52W Low

₹233.55

52W High

₹710.00

LTP

₹ 1,755

59.65 (3.52%)

Volume

79,197

Market Cap

₹15,317 Cr

52W Low

₹688.05

52W High

₹1,997.70

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About the Defence Sector

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.

Future Outlook of the Defence Sector in India

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.

Things To Consider Before Investing in the Defence Sector

  • Government support: Understand government policies and budgets allocated for the defence sector, as they directly impact the sector. Increased defence spending can benefit companies in the industry.
  • Geopolitical stability: This is one of the important factors that influences defence contracts and international partnerships. Monitor geopolitical events that may affect the defence sector’s performance.
  • Technological advancements: Evaluate the technological capabilities of defence companies. Innovation and technological advancements can enhance a company’s competitive position.
  • Contracts: Assess the existing and potential contract pipeline for defence companies. Long-term contracts provide stability and revenue visibility.
  • Global trade: Examine trends in global arms trade and defence collaboration. Companies engaged in international partnerships may have broader market access.
  • Regulatory compliance: The defence sector is subject to stringent regulations. Ensure that companies comply with legal and ethical standards to mitigate regulatory risks.

How To Invest in Defence Stocks?

Investing in defence stocks via Angel One is easy. Simply follow these steps:

  • Log in to your Angel One account.
  • Click on the search icon and look for your desired defence stock.
  • Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
  • To complete your transaction, click on the ‘Buy’ button.

If you don’t have a Demat account with Angel One, you can open one for free online within minutes.

FAQs

What are defence sector stocks?

Defence sector stocks are stocks of companies that are involved in the manufacture and supply of defence equipment, technology, and services.

Which are the top stocks from the defence sector in terms of market cap?

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.

How do you evaluate defence sector stocks?

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.

Why should you invest in defence stocks?

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.

Which are the best defence stocks to invest in?

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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