Defence stocks are having their moment with the Nifty India Defence index hitting an all-time high.
The index soared nearly 7% last week, beating the flat Nifty 50.
With India-Pakistan tensions flaring up again and a wave of government orders rolling in, investors are locking in on the sector like it's radar-guided.
The deets: FY25 ended with a record ₹2.1 trillion worth of defence contracts—nearly double the previous high. And 92% of them went to Indian companies.
Just February and March alone cleared ₹1 trillion in deals. In March, the MoD signed off on ₹54,000 crore in capital buys—everything from BrahMos missiles to Netra aircraft and T-90 tank engines.
Big theme: big players like Bharat Dynamics are on track to double revenue, Solar Industries could see a 30% bump, and smaller names like Paras Defence clocked up to 90% profit growth in FY25.
Not just these but India's defence stocks are on a tear across the board:
