Defence stocks to fire up? Brokerages bullish after DAC clears Rs 2.38 lakh cr proposals; check top picks

Brokerages are bullish on Indian defense stocks following the Defense Acquisition Council’s approval of proposals worth Rs 2.38 lakh crore, enhancing India’s combat and surveillance capabilities. These approvals, including S-400 missile systems and Su-30 engine overhauls, signal strong order inflows and indigenization opportunities for domestic players like Bharat Electronics, which remains a top pick.