Defence stocks in green amid Putin's India visit: Analysts say HAL, BDL, BEL likely to benefit

Russian President Vladimir Putin's visit to India for the 23rd India-Russia Annual Summit has boosted Indian defense stocks, with expectations of enhanced defense collaboration between the two countries. Analysts predict gains for Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), and Bharat Electronics (BEL) due to potential agreements on air defense systems and fighter jets. The Nifty India Defence index rose 0.5% amid optimism for increased military self-reliance through partnership with Russia.

HAL, BDL, Data Patterns rally up to 5%; why defence stocks in focus today?

Defence stocks, including HAL and BDL, surged up to 5% on the NSE due to positive corporate developments. HAL's new Nashik facility will produce the first LCA Tejas Mark IA fighter aircraft, enhancing production capacity. The defence budget is set at ₹6.81 trillion for FY2025-26, with a focus on capital expenditure and increasing defence production. Apollo Micro Systems has secured orders worth ₹39.27 crore and aims to expand its indigenous manufacturing capabilities. The long-term goal includes a defence production target of ₹8.8 trillion by 2047, establishing India as a leader in defence manufacturing.

Bharat Dynamics: Strong order book fuels growth

BDL is significantly expanding its production capacity for various systems and aiming to double its production in the next 3-5 years.

BDL Stock Slips Following Q3 Earnings Despite Revenue, Profit Growth

Flanigan's third-quarter fiscal 2025 revenue and profit increase on the back of stronger restaurant and liquor store sales amid inflation-pressured margins.

Flanigans | 10-Q: FY2025 Q3 Revenue: USD 52.16 M