Defence Stocks Rally on Strong Order Flows from Local Manufacturing, Geopolitical Factors
In a recent analysis, Jefferies underscores the gathering momentum in defence company stocks, attributing it to a state of heightened geopolitical crises and India’s sustained emphasis on self-reliance, which have significantly augmented order flows and propelled revenue growth. The brokerage firm has initiated coverage on Hindustan Aeronautics (HAL) and Data Patterns with a ‘buy’ recommendation, … Read more