India’s defence sector is witnessing a strong pickup in momentum after a relatively quiet period. As Q4 unfolds, both domestic and international developments are driving renewed interest in the space. According to Amit Dixit, Senior Analyst, ICICI Securities, Q4 is really brimming with activity, both international as well as on the domestic front.In an interaction with ETNow, Dixit highlighted several major developments: the clearance of the 7,000-crore ATAGS Howitzer order, the Pinaka system in February, and broader reforms in the capital acquisition process. These reforms, he emphasized, are key to accelerating the order finalisation process.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable