HAL, Kotak Bank, Tech Mahindra, Sona BLW Precision: Top Diwali 2026 Picks by Axis Securities
Hindustan Aeronautics secured new business in a defence development.
· Business Today Mkts
Nifty now stands at a make-or-break juncture, testing its key support at 22,100. According to Axis Securities, as long as this level holds, the index has the potential to stage a recovery towards 23,600 - 24,000.
The analysis
Against that, the stock is -0.3% on the day at ₹4,853.70, and has returned +5.9% over three months. It sits 5% below its 52-week high. The defence & aerospace sector has moved -1.7% over the same period, so Hindustan Aeronautics is running 7.6 points ahead of its peers.
For Hindustan Aeronautics, the question is how much of this is already reflected in the price and how much re-rates the defence & aerospace peer set alongside it.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The 3 companies named span 3 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 2 of 3 are higher: Tech Mahindra leads at +1.2% and Hindustan Aeronautics trails at -0.3%.
- Over three months: Hindustan Aeronautics +5.9% against Defence & Aerospace -1.7% (7.6 points ahead); Kotak Mahindra Bank (Kotak Bank) +18.5% against Banks -6.0% (24.5 points ahead); Tech Mahindra +7.3% against IT -3.1% (10.4 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Hindustan AeronauticsHAL · Defence & Aerospace | ₹4,853.70 | -0.3% | +4.0% | +5.9% | -4.8% | 1.1× | — |
| Kotak Mahindra Bank (Kotak Bank)KOTAKBANK · Banks | ₹461.60 | +0.6% | +10.7% | +18.5% | 0.0% | 0.9× | — |
| Tech MahindraTECHM · IT | ₹1,790.80 | +1.2% | +17.5% | +7.3% | -2.4% | 0.7× | — |
Defence & Aerospace
1M -7.5% · 3M -1.7%
Hindustan Aeronautics
Banks
1M -3.4% · 3M -6.0%
Kotak Mahindra Bank (Kotak Bank)
IT
1M +5.2% · 3M -3.1%
Tech Mahindra
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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