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Motilal Oswal Picks Top Defence Stocks Amid ₹13 Lakh Crore Order Wave
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CNBC Awaaz•05-10-2026, 14:22
Motilal Oswal Picks Top Defence Stocks Amid ₹13 Lakh Crore Order Wave
- •Motilal Oswal has named Bharat Electronics as its top pick in the defence sector following news of massive orders.
- •The brokerage highlighted that DAC approvals have reached ₹1.62 lakh crore in FY27, with a total pipeline of ₹13 lakh crore from FY25 to FY27.
- •The government is opening up missile production to Indian private companies, reducing dependency on a single entity and expanding market scope.
- •Key projects to watch include QRSAM, Akash-NG, P75I, Landing Platform Docks, and announcements regarding AMCA and Tejas Mk-1A deliveries.
- •Other broad capital-goods picks by the brokerage include L&T, Cummins India, GE Vernova T&D India, Kirloskar Oil Engines, and Kalpataru Projects International.
Key Questions Answered
Bharat Electronics (BEL) remains Motilal Oswal Securities' top pick in the defence sector due to its strong order pipeline and prospects for better execution.
According to a note released by Motilal Oswal on Monday, October 5, the DAC has granted approvals worth ₹1.62 lakh crore in the defence sector so far in FY27.
The deadline for submitting Request for Proposals (RFPs) for the Advanced Medium Combat Aircraft (AMCA) project has been extended to October 30.
