The defence sector in India has been steadily growing in recent years, owing to the government’s focus on sеlf rеliancе and the development of armed forces. As a result, the Indian defence sector has emerged as an important business opportunity for buyers seeking long-term growth possibilitiеs.
Here are 5 best defence stocks in India
| Company Name | Market Cap (Rs. crores) | Stock Price (Rs.) |
| Hindustan Aeronautics Ltd | 3,35,123.15 | 4,973.85 |
| Bharat Electronics Ltd (BEL) | 2,17,063.88 | 295.95 |
| Bharat Dynamics Limited (BDL) | 57,073.78 | 1,557.35 |
| Cochin Shipyard Limited (CSL) | 51,140.27 | 1,947.65 |
| Mazagon Dock Shipbuilders Limited (MDSL) | 64,117.25 | 3,184.05 |
1. Hindustan Aeronautics Ltd (HAL)
Hindustan Aeronautics Ltd (HAL) is one of India’s leading defence stocks, with a market capitalization of Rs. 3,35,123.15 crores and last closing stock price of Rs. 4,973.85. As a government-owned enterprise under the Ministry of Defence, HAL has been a prominent player in the aerospace and defence industries for eight decades. The company is responsible for the development, design, and production of various aircraft systems, including engines, avionics, helicopters, and aeroplanes for India’s military forces.
2. Bharat Electronics Ltd (BEL)
Bharat Electronics Ltd (BEL) is another major defence public sector undertaking (PSU) under the Ministry of Defence, established in 1954. With a market capitalization of Rs. 2,17,063.88 crores and last closing stock price of Rs. 295.95, BEL’s product portfolio comprises radars, communication equipment, and electronic warfare equipment.
3. Bharat Dynamics Limited (BDL)
Bharat Dynamics Limited (BDL), a state-owned company, specializes in the design, development, and manufacturing of guided missile systems, underwater weapons, and other defence equipment for the Indian military. These include anti-tank missiles, air-to-air missiles, surface-to-air missiles, and undersea weapon systems. BDL has a market capitalization of Rs. 57,073.78 crores and last closing stock price of Rs. 1,557.35.
4. Cochin Shipyard Limited (CSL)
Cochin Shipyard Limited (CSL), based in Kochi, Kerala, is a popular Indian shipyard established in 1972. With a market capitalization of Rs. 51,140.27 crores and last closing stock price of Rs. 1,947.65, CSL specializes in building commercial ships such as tankers, bulk carriers, and offshore support vessels. The company also manufactures battleships and other speciality boats for the Indian Navy and Coast Guard.
5. Mazagon Dock Shipbuilders Limited (MDSL)
Mazagon Dock Shipbuilders Limited (MDSL) is a well-known shipbuilding company in India that focuses on manufacturing warships and submarines for the Indian navy. With a market capitalization of Rs. 64,117.25 crores and last closing stock price of Rs. 3,184.05, MDSL has recently completed notable projects, such as the Visakhapatnam-class guided-missile cruisers and the Scorpene-class submarines.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.