HAL, Bharat Dynamics, BEML, BEL: Which defence stock to buy for maximum gains amid next expansion phase | Target price
A defence development with market-wide reach.
23 Sept 2026 · LiveMint Markets
India's defence sector, led by HAL, BEL, and BEML, is set for growth backed by policy support and rising exports. Emkay Global forecasts production at ₹1.8 trillion and exports at ₹380 billion by 2025-26, with ambitious targets for 2026.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The immediate tone of coverage reads positive.
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