10 Defence Stocks You Should Keep an Eye On

By Rajni Pandey | June 20, 2024

Bharat Dynamics Limited

Bharat Dynamics Limited is a govt-owned enterprise that specializes in the manufacturing of missile systems and other defence equipment. With its strong order book and consistent performance, BDL remains a key player in the defense sector.

Hindustan Aeronautics Limited

It is one of the largest aerospace and defence companies in India. It is involved in the design, manufacture, and assembly of aircraft, helicopters, and related systems. HAL’s strong portfolio and strategic partnerships make it a top pick in the defence sector.

Cochin Shipyard Limited

It is a leading shipbuilding and maintenance company in India. It has a robust order book for both defence and commercial vessels. CSL’s strategic location and state-of-the-art facilities position it well for future growth.

Garden Reach Shipbuilders & Engineers Limited

It is another major player in the shipbuilding industry, particularly for the Indian Navy. Known for its expertise in building complex warships, GRSE has a solid reputation and a promising outlook.

Bharat Electronics Limited

It's a state-owned company specializing in electronics for the defence sector. BEL produces a wide range of products including radars, sonar systems, and communication equipment. Its strong R&D capabilities and diverse product portfolio make it a significant contender.

Mazagon Dock Shipbuilders Limited

It's known for building warships and submarines for the Indian Navy. With a strong order pipeline and advanced infrastructure, MDSL is poised for sustained growth in the defence sector.

BEML Limited

It's a multi-product company serving the defence, rail, and construction sectors. In the defence domain, BEML manufactures a variety of military equipment including tanks and ground support equipment. 

Astra Microwave Products Limited

It designs and manufactures RF and microwave systems for defence and aerospace applications. The company’s focus on innovation and quality has earned it a strong position in the defence electronics market.

Data Patterns (India) Limited

It's a leading provider of electronic systems for the defence and aerospace sectors. Its products include radar systems, electronic warfare systems, and communication systems. The company’s strong emphasis on R&D and indigenous development gives it a competitive edge.

Premier Explosives Limited

It's involved in the manufacturing of high-energy explosives and propellants used in defence and space applications. The company’s expertise in pyrotechnics and its strategic alliances make it a notable player in the defence industry.