Donald Trump’s new tariff announcement shook global stock markets, but defence stocks in India continue to draw attention. Strong order books, rising exports, and the government’s push for self-reliance in defence manufacturing are keeping investors interested. Here’s a look at the top defence stocks and how they are trading now.
Stocks to Watch on September 01
Hindustan Aeronautics Ltd (HAL)
HAL shares are trading around Rs 4,333 on the NSE today. In the last six months, the stock has climbed more than 40%, but in the past three months, it has slipped about 13%. The 52-week range is between Rs 3,046 and Rs 5,165. Analysts say the main driver ahead will be the delivery of Tejas Mk1A aircraft. HAL also has a strong order book of more than Rs 95,000 crore, nearly 3.5 times its revenue for FY25.
Bharat Electronics Ltd (BEL)
BEL shares are trading close to Rs 369. Over the past year, the stock has delivered a return of about 27%, beating the Sensex. The company’s order book stands at more than Rs 75,000 crore, ensuring strong revenue visibility. Analysts expect its revenue to grow 16–17% annually for the next two years, with margins around 27% and return on equity above 20%.
Bharat Dynamics Ltd (BDL)
BDL shares are trading near Rs 1,436. In the last six months, the stock has risen about 48%, though it has fallen nearly 28% in the past three months from its highs. The 52-week range is between Rs 890 and Rs 2,097. BDL is India’s main producer of missile systems such as surface-to-air missiles and anti-tank guided missiles. Its strong order book and government contracts provide multi-year visibility, but execution will be key for performance.
Data Patterns Ltd
Data Patterns focuses on defence electronics such as radars, avionics, and mission-critical systems. The company has been growing quickly with high profit margins. Rising exports and steady orders under the ‘Make in India’ programme make it a structural growth story. While its share price movements are more volatile than those of larger peers, analysts see long-term opportunity in its specialised defence technology.
