Defence stocks set for mixed Q4; Nuvama bets on BEL, Solar Industries, and a smallcap pick

April 11, 2026

Defence sector companies anticipate mixed Q4FY26 results despite strong order books. Nuvama Institutional Equities highlights BEL, Data Patterns, and Solar Industries as top picks. While order inflows remain robust, growth momentum is expected to moderate. Defence stocks have seen a strong rebound in April, with further action anticipated following earnings announcements and geopolitical developments.

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