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HAL offers the best risk-reward among defence stocks despite expensive valuations, says Equirus
Harshit Patel, Director of Equirus Securities expects Bharat Dynamics to be a key beneficiary of the Defence Acquisition Council's ₹52,000-crore approvals, while BEL, Data Patterns, Apollo Micro Systems and Astra Microwave are well placed to benefit from rising demand for defence electronics and anti-drone systems.
Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy
Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.
Three Defence stocks Motilal Oswal wants investors to buy after latest DAC proposals
Shares of BEL are up 5% so far this year, while those of Astra Microwave are up 90%. Shares of HAL have underperformed its peers, and are still at the flat line for the year.
Stocks to buy: Tech analyst picks Astra Microwave, Jay Bharat, Welspun Corp
Stocks to Buy: Choice Broking Weekly Recommendations, Aakash Shah recommends buy on Welspun Corp, Astra Microwave Products and Jay Bharat Maruti.
India's defence exports could double to ₹75,000-80,000 crore by FY30: Ashika Equities
Jyoti Gupta, Senior Research Analyst at Ashika Institutional Equities says a potential BrahMos missile deal with the UAE could be a major milestone, opening opportunities across Gulf Cooperation Council (GCC) countries and benefiting companies such as BEL, BDL, Data Patterns and Astra Microwave.
Paras Defence, MTAR Tech, HAL Shares Rally In Trade As India's Defence Production Touches All-Time High
Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.
Defence shares in demand; MTAR, Astra Microwave, Paras rally up to 7%
At 12:24 PM on Wednesday, the Nifty India Defence index was the top gainer among thematic indices up 2.8 per cent as against a 0.3 per cent rise in the Nifty 50.
Board of Astra Microwave Products approves scheme of arrangement
At meeting held on 10 June 2026
Market Trading Guide: Buy Adani Power, Netweb and 2 more stocks on Wednesday for gains up to 25%
Analysts recommend buying Adani Power, Astra Microwave, Netweb Technologies, and Bharat Coking Coal for potential near-term gains. Despite recent market weakness, these stocks exhibit robust technical setups, strong accumulation, and bullish momentum supported by fundamental growth trends.
Astra Microwave Products shares rise over 12% to fresh record high after Q4 results
Astra Microwave Products' shares surged 12% to ₹1,379 after strong March quarter results, reporting a 44% increase in net profit to ₹106 crore. Revenue rose to ₹488.24 crore, up 19.6% year-on-year, while the company announced a final dividend of ₹2.40 per share.
Astra Microwave Products climbs 11% on strong Q4 show; dividend declared
For the Q4FY26, Astra Microwave Products reported a consolidated net profit of ₹106 crore, up 44 per cent on Y-o-Y basis. The company also recommended a dividend of ₹2.40 per equity share.
Astra Microwave Q4 Results: Stock jumps 10% to record high after strong revenue growth, margin expansion
Shares of Astra Microwave are now trading 9.5% higher after the results announcement at ₹1,351. The stock is up 19% so far in the last one month and has risen 38% so far this year.