From mint · Pranati Deva · · 1m 30s
Defence stocks to buy: HAL, Bharat Dynamics, MIDHANI
DAM Capital picks HAL, MIDHANI, BDL for up to 39% upside in defence stocks.
In brief
DAM Capital picks HAL, MIDHANI, BDL for up to 39% upside in defence stocks. DAM Capital targets up to 39% upside for HAL, MIDHANI and Bharat Dynamics with growing defence procurement opportunities. Originally reported by mint.
DAM Capital's defence picks
DAM Capital identifies HAL, MIDHANI and Bharat Dynamics as preferred defence public sector undertakings for growth opportunities.
HAL: 22% upside potential
HAL has a target price of ₹ 5,940, indicating 22% upside potential with Tejas Mk1A airframes nearing final stages.
Bharat Dynamics: 39% upside
Bharat Dynamics targets ₹ 1,560 with 39% upside potential from ₹ 261.8 billion order book and QRSAM pipeline.
MIDHANI: 8% upside potential
MIDHANI has a target price of ₹ 475, indicating over 8% upside potential through titanium alloys and aerospace applications.
Defence electronics growth
Defence electronics market expected to grow at over 15% CAGR with rising domestic production and export opportunities.
₹ 5 trillion order pipeline
Proposed programmes including 114 Rafale fighters, six submarines and eight corvettes represent a potential ₹ 5 trillion order opportunity.
Key risks and opportunities
Execution, approvals and margins remain key risks despite growing defence procurement and technology opportunities.
DAM Capital's outlook
DAM Capital sees defence sector moving beyond order-driven expansion to technology-led growth with strong execution potential.
What happens next
Defence procurement approvals and execution could drive significant stock gains for selected companies in coming months.
The main idea
DAM Capital targets up to 39% upside for HAL, MIDHANI and Bharat Dynamics with growing defence procurement opportunities.
