Bajaj Broking Maintains Bullish Outlook on Indian Defence Sector

Will BDL, HAL & other defence stocks deliver rocketing returns? Here’s why this brokerage remains bullish

India’s defence sector is gaining momentum on the back of rising defence spending, localisation, strong order pipelines and growing exports. Bajaj Broking remains bullish on Bharat Dynamics and Hindustan Aeronautics, citing improving execution, robust order books and long-term military modernisation as key growth drivers.