Top 3 Indian defense stocks you should look into for investing in 2024

It is required to have studied the stock thoroughly before investing. In the following article, we shall discuss the five Indian defense stocks list, which are among the top choices for investing portfolios.

1. Hindustan Aeronautics Limited (HAL)

Advertisement

HAL is one of the leading Indian companies. It has been in existence for a long time, eighty years to be precise, during which it has operated in aerospace and defence industries. HAL is a PSU under the Ministry of Defence.

The company has to provide a wide range of aircraft systems that are designed, developed and produced by it. These include planes, helicopters, engines and avionics for India’s military forces.

2. Bharat Electronics Limited (BEL)

BEL is another important DPSU (Defence Public Sector Undertaking) established in 1954 under the Ministry of Defence. Its main focus area is production of electrical products. Such electrical devices are meant for military use in India as they design them and make them as well. This includes radar sets for tracking anything moving through air space or over water; communications equipment used by soldiers on patrol; electronic warfare gear used against enemy forces.

3. Bharat Dynamics Limited (BDL)

BDL was established via an act of parliament as a government-owned public sector company in 1958. The company specializes in missile production including design development and manufacture for the needs of Indian military.

They produce anti-tank missiles, air-to-air missiles, surface-to-air missiles, undersea weapon systems.

With increased emphasis on local missile manufacturing, BDL can emerge as one of the best stocks for defense in India. BDL would stand to gain much from this trend towards self-reliance in defence equipment