Defence Stocks To Buy: HAL, BEL, Bharat Dynamics, Mazagon Dock Among Key Picks. Check Target Prices

Heightened global geopolitical tensions and have created a multiyear demand cycle for Missiles, Aircrafts, Anti-drone systems, Ammunition, Rockets and High-energy materials. The Ministry of Defence has accorded AoNs of Rs 6.7 lakh crore in FY26, and analysts expect defence companies have strong growth opportunities in the foreseeable timeframe.