Synopsis:
India’s 15-year defence roadmap boosted investor confidence, lifting defence stocks by up to 11 percent on Monday, with a focus on advanced technologies and large-scale military acquisitions across the Army and Navy.
On 5th September, the Ministry of Defence unveiled its long-term acquisition strategy in a document titled “The Technology Vision and Capability Roadmap.” The multi-decade plan outlines procurement requirements worth several hundred billion dollars, detailing the capabilities and quantities needed by India’s armed forces over the next 15 years.
The roadmap includes advanced technologies such as nuclear propulsion for surface ships, next-generation tanks, stealth unmanned combat aerial vehicles (UCAVs), hypersonic missiles, laser-based weapons, and a wide array of drone and anti-drone systems.
According to the plan, the Indian Army will induct 50,000 tank-mounted anti-tank guided missiles, over 700 robotic counter-IED systems, and acquire 6 lakh artillery rounds along with multiple unmanned aerial systems (UAS).
The Indian Navy is set to equip at least 10 future surface combatants with nuclear propulsion, including a new aircraft carrier slated for induction in the coming years. Additionally, the Navy will deploy Electromagnetic Aircraft Launch Systems (EMALS) to enable the operation of heavier aircraft from its carriers.
The armed forces will also require about 150 stealth UCAVs capable of supersonic speeds, internal weapons carriage, and operations at altitudes exceeding 15 km, underscoring a focus on next-generation warfare capabilities. Reflecting investor enthusiasm, the Nifty India Defence Index rose by around 0.3 percent, closing in the green at 7,538.5 and ending a two-day losing streak.
Following the top defence stock gainers during Monday’s trading session on the government’s 15-year defence roadmap:
Bharat Electronics Limited
With a market cap of Rs. 2.72 lakh crores, the stock moved up by around 1 percent on BSE, to hit an intraday high at Rs. 374.45 on Monday. Bharat Electronics Limited (BEL), a Navratna Public Sector Undertaking under India’s Ministry of Defence, is primarily engaged in the business of manufacturing and supply of electronic equipment and systems for the defence and civilian segments.
Hindustan Aeronautics Limited
With a market cap of Rs. 2.97 lakh crores, the stock moved up by around 1.4 percent on BSE, to hit an intraday high at Rs. 4,467.3 on Monday. HAL is involved in the design, development, manufacture, repair, overhaul, upgrade and servicing of a wide range of products including aircraft, helicopters, aero-engines, avionics, accessories and aerospace structures.
The company’s role is to serve as a key base for national policy to achieve self-reliance in design, development, manufacturing and production of the latest sophisticated aircraft fitted with the latest weapons and aeronautical equipments on the requirements of the Indian Armed Forces.
Cochin Shipyard Limited
With a market cap of Rs. 43,355.7 crores, the stock moved up by around 2 percent on BSE, to hit an intraday high at Rs. 1,678 on Monday. Cochin Shipyard Limited, a “Miniratna” CPSE, is primarily engaged in the business of shipbuilding and ship repair, serving both the domestic and international markets.
Unimech Aerospace and Manufacturing Limited
With a market cap of Rs. 5,330 crores, the stock hit a 5 percent upper circuit on BSE at Rs. 1,071.5 on Monday. Unimech Aerospace and Manufacturing Limited is a precision engineering company engaged in offering a wide range of manufacturing solutions for mission-critical, high-complexity, and low-volume components. The company’s product portfolio spans aerospace tooling systems, ground support equipment, electro-mechanical sub-assemblies, and high-precision machined components.
Data Patterns (India)
With a market cap of Rs. 14,233.3 crores, the stock moved up by around 3.2 percent on BSE, to hit an intraday high at Rs. 2,554.75 on Monday. Data Patterns (India) Limited’s principal line of business is the design and development of electronic hardware, software, firmware, mechanical, and product prototypes, besides its testing, validation and verification.
Its involvement has been across radars, electronic warfare suites, communications, avionics, small satellites, automated test equipment, cots and programmes catering to Tejas light combat aircraft, light utility helicopter, BrahMos and other communication & electronic intelligence systems.
Cyient DLM Limited
With a market cap of Rs. 3,729.7 crores, the stock moved up by around 11 percent on BSE, to hit an intraday high at Rs. 481 on Monday. Cyient DLM Limited is principally engaged in the business of providing total electronic manufacturing solutions in the fields of medical, industrial, automotive, telecommunication, defence, and aerospace applications and machining of components for aerospace, automotive, and defence industries.
Written by Shivani Singh
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