Whats in store for defence stocks that have given double- to triple-digit returns? Experts decode
Among individual defence stocks, Mazagon Dock Shipbuilders Ltd has gained a whopping over 576 per cent in a year, followed by Data Patterns (India) Ltd which has seen a growth of over 174 per cent in a year; Hindustan Aeronautics (HAL) has rallied over 106 per cent and Cochin Shipyard Ltd has gained over 105 per cent.
Defence sector stocks have been on fire this year, with most scrips giving double- to triple-digit returns. The stellar rally in the stocks is mainly due to long-term execution growth visibility, a robust order book, and a healthy pipeline.
Among individual stocks, Mazagon Dock Shipbuilders Ltd has gained a whopping over 576 per cent in a year, followed by Data Patterns (India) Ltd which has seen a growth of over 174 per cent in a year; Hindustan Aeronautics (HAL) has rallied over 106 per cent and Cochin Shipyard Ltd has gained over 105 per cent.
Meanwhile, in the double-digit growth category, Bharat Electronic has gained over 40 per cent in a year, Bharat Dynamics and MTAR Technologies have risen over 63 per cent in a year, Solar Industries has climbed over 30 per cent, Bharat Forge has risen over 20 per cent and Paras Defence and Space Technologies Ltd has climbed nearly 10 per cent.
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