Defence stocks fly high on strong order books, export potential

September 13, 2022

Swelling order books from the ministry of defence have caused defence stocks to surge. With comfortable valuations, better outlook on profitability led by a higher indigenization theme, and better operating leverage, analysts are bullish on stocks such as HAL, BEL, Bharat Dynamics, and Garden Reach, among others.

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Defence sector has strong tailwinds, but valuations are sky-high: Dinshaw Irani

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