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Defence Stocks: Emkay Bets on 4 Stocks, Expects Up to 27% Returns
M
Moneycontrol•24-09-2026, 16:22
Defence Stocks: Emkay Bets on 4 Stocks, Expects Up to 27% Returns
- •Brokerage firm Emkay recommends betting on 4 defence sector stocks, anticipating returns of up to 27%.
- •Emkay believes the domestic defence sector's growth will be sustained by government policies, increased private participation, and rising exports.
- •Bharat Electronics (BEL) gets a 'Buy' rating with a target of ₹500, and Bharat Earth Movers (BEML) a 'Buy' with a target of ₹2,600.
- •Hindustan Aeronautics (HAL) is Emkay's top pick, rated 'Buy' with a target price of ₹5,950.
- •Emkay maintains a cautious 'Add' rating on Bharat Dynamics (BDL) with a target price of ₹1,350 due to competition and R&D costs.
Key Questions Answered
Emkay has recommended four defence sector stocks: Bharat Electronics, Bharat Earth Movers, Hindustan Aeronautics, and Bharat Dynamics, with expected price rises of up to 27%.
Emkay named Hindustan Aeronautics as its top pick in the sector, issuing a 'Buy' rating with a target price of ₹5,950, which represents a potential upside of approximately 24.50%.
Emkay holds a cautious stance on Bharat Dynamics, assigning an 'Add' rating with a target price of ₹1,350 due to high valuations, increasing competition, higher R&D expenses, and a mixed past execution record.
