Mazagon Dock, HAL, BDL, BEL: Share price targets for 9 defence stocks ahead of Q4 results
Nirmal Bang Institutional Equities, in its latest report, highlighted sustained positive momentum in the defence sector, driven by multiple factors including a strong government focus on indigenisation. It cited higher defence budget allocations, rising geopolitical tensions, an expanding list of indigenised products, growing potential for defence exports, and increased investments in advanced technologies such as artificial intelligence and robotics, as favourable for the sector.
For now, Nirmal Bang has preference for Solar Industries, identifying it as a key beneficiary of sector tailwinds. It also offered price targets for eight other defence stocks, including Hindustan Aeronautics Ltd (HAL), Bharat Dynamics Ltd (BDL), Bharat…
