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Jefferies picks 5 defence stocks with upside potential of up to 39% after DAC’s Rs 1.1 lakh crore proposal

India’s defence industry is entering a higher growth phase as combat deployment of indigenous weapons during Operation Sindoor strengthens the credibility of locally made systems in global markets. Jefferies expects defence exports to…

Jefferies picks 5 defence stocks with upside potential of up to 39% after DAC’s Rs 1.1 lakh crore proposal
, ETMarkets.com|
Set for gains
1/6

Set for gains

India’s defence industry is entering a higher growth phase as combat deployment of indigenous weapons during Operation Sindoor strengthens the credibility of locally made systems in global markets. Jefferies expects defence exports to rise 11% annually through fiscal 2030, reaching Rs 584 billion, and has identified 5 stocks that can potentially perform well in the coming quarters.

ETMarkets.com

Hindustan Aeronautics (HAL)
2/6

Hindustan Aeronautics (HAL)

Hindustan Aeronautics has a Buy rating from Jefferies, with a target price of Rs 6,800 against a current market price of Rs 4,861, implying 39% upside from the previous closing price.

Agencies

Bharat Electronics
3/6

Bharat Electronics

Bharat Electronics carries a Buy rating, with Jefferies setting a target price of Rs 490 versus the current market price of Rs 408, forecasting an upside potential of 20% from previous price.

ETMarkets.com

Data Patterns
4/6

Data Patterns

Data Patterns has a Buy rating from Jefferies, with a target price of Rs 5,545 compared to CMP of Rs 4,570, translating into 21% upside from the last closing price.

ETMarkets.com

Solar Industries
5/6

Solar Industries

Solar Industries has a Buy rating from Jefferies, with a target price of Rs 28,160 against a current market price of Rs 21,345 as the brokerage sees 32% from the last closing price.

ANI

Astra Microwave
6/6

Astra Microwave

Astra Microwave has a Buy rating from Jefferies, with a target price of Rs 2,055 compared with its current market price of Rs 1,733, with the brokerage forecasting 19% upside potential.

(Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here)

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