3 defence stocks Jefferies is bullish on

Sirali Gupta Apr 02,2024

Global brokerage Jefferies sees a $100-120 billion domestic defence opportunity over 5-6 years.

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The growth is visible at a 13% industry CAGR in FY23-30, as per the brokerage.

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Export defence opportunities should rise at a 21% CAGR in FY23-30.

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As per the report, geopolitical tensions and India's focus on self-reliance are fueling order flow.

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Further two-time growth in domestic spend in FY24–30 should continue to drive stock upside.

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Here are 3 defence stocks recommended by Jefferies:

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HAL

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Data Patterns

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Bharat Electronics

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