Amidst the increasing geo-political tension in the Middle East, Indian defense sector shares have once again come on the radar of investors.
Amidst the increasing geo-political tension in the Middle East, Indian defense sector shares have once again come on the radar of investors. Till March 5, 2026, a rise in the shares of defense companies is being seen in the market. Experts say that due to global tension and expectation of increase in defense expenditure, investor interest in this sector has increased. Apart from this, in the Union Budget 2026, the government has made a huge allocation of about Rs 6.8 lakh crore for the defense sector, which is expected to promote indigenization of defense equipment in the country in the long run. Despite the initial instability after the budget, the sector is now showing strength again.
Hindustan Aeronautics Limited (HAL)
India’s leading aerospace company HAL works on projects like fighter jet Tejas and advanced light helicopter. The company’s order book remains strong due to continuous orders from the Indian Air Force and Defense Ministry. It is the only domestic company manufacturing fighter aircraft and military helicopters. The company is simultaneously working on projects like Tejas Mk1A, AMCA, Light Combat Helicopter, Advanced Light Helicopter variants. In the last one year, the company’s shares have seen a rise of 13.74 percent.
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Bharat Electronics Limited (BEL)
BEL is the market leader in the field of defense electronics. The company manufactures radar systems, communication equipment and electronic warfare technologies, the demand for which is increasing rapidly in the Indian Armed Forces. The company is a major domestic supplier of radar, electronic warfare systems, missile guidance electronics and naval combat management systems. The company’s shares closed at Rs 462 on Thursday with a rise of 3.39 per cent. The company’s shares have seen a rise of 3.46 percent in the last 5 days. In the last one year, the company’s shares have seen a rise of 68.05 percent.
Bharat Dynamics Limited (BDL)
BDL is a leading manufacturer of missile systems in India. The company manufactures guided missiles like Akash and Nag and has been receiving big contracts from the Defense Ministry. The company manufactures launchers, test equipment and components for missiles in defense equipment. In the last one year, the company’s shares have seen a rise of 20.45 percent.
Mazagon Dock Shipbuilders
This company manufactures advanced warships and submarines for the Indian Navy. It plays an important role in many big projects of the Navy. On Thursday, the company’s shares closed at Rs 2356 with a rise of 8.80 percent.
It is India’s leading government shipbuilding company.
Along with the construction of warships, Cochin Shipyard also does repair and maintenance work of ships. It continues to receive orders from naval and commercial shipping. The company builds warships, aircraft carriers, patrol vessels and other defense vessels for the Indian Navy and Coast Guard. India’s first indigenous aircraft carrier INS Vikrant was also built in this shipyard. The company’s shares closed at Rs 1,453 on Thursday with a rise of 3.93 per cent.
Bharat Forge
This auto components manufacturing company is now making rapid progress in the defense sector as well. The company is working on defense products like artillery guns and armored vehicles. The company has developed ATAGS (Advanced Towed Artillery Gun System) in collaboration with DRDO. The company produces missile system parts and various types of shells. On Thursday, the company’s shares closed at Rs 1,893 with a rise of 2.78 per cent. In the last 6 months, the company’s shares have seen a rise of 66.53 percent.
This high-tech company provides electronic design and manufacturing services for aerospace and defense. The company manufactures radars and their sub-systems for defense platforms. The company has manufactured ‘Fire Control System’ for BrahMos missile and critical components for LCA Tejas and Light Utility Helicopter (LUH). Data Patterns mainly works with government organizations and public sector undertakings (PSUs) like DRDO, ISRO, HAL, and BEL. The company’s shares closed at Rs 3,360 on Thursday with a rise of 7.48 per cent. In the last 6 months, the company’s shares have seen a rise of 35.66 percent.
Garden Reach Shipbuilders and Engineers (GRSE)
It is a major government defense shipbuilding company of India. GRSE manufactures ships such as frigates, corvettes and patrol vessels for the Indian Navy and Coast Guard. It manufactures state-of-the-art warships like Frigates, Anti-Submarine Corvettes, and Landing Craft. On Thursday, the company’s shares closed at Rs 2422 with a rise of 4.64 percent.
It is a leading defense and space technology company of India, headquartered in Mumbai. The company provides advanced technology solutions for the defence, space and aerospace sector and is considered a rapidly growing defense tech company. The company manufactures optical and optronic systems for military use, which are used in radar, missile systems and surveillance equipment. The company’s shares have seen a rise of 11.89 percent in the last 5 days.
(Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.)
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