Defence stocks are back in the spotlight as the Indian Army is set to receive a major boost with the possible approval of a Rs. 30,000 crore air defence missile system. The Defence Ministry is likely to clear the proposal to buy three Quick Reaction Surface-to-Air Missile (QRSAM) regiments, developed by DRDO, which will be deployed along India’s western and northern borders. This move is part of a broader push to modernise and strengthen India’s air defence capabilities.
The QRSAM system is designed to quickly detect, track, and shoot down enemy aircraft, helicopters, and drones even while moving. It has a range of around 30 km and is expected to work alongside other missile systems like Akash and MRSAM. Defence officials said these systems have already gone through successful testing under different conditions, and the Defence Acquisition Council (DAC) is likely to review the proposal later this month.
Apart from the QRSAM, the Army is also set to receive more advanced radars, short-range air defence systems, jammers, and laser weapons to tackle modern threats, including drones from China and Turkey. This kind of spending shows the government’s continued focus on defence preparedness, which is good news for companies in the defence sector.
Experts believe that defence stocks still have strong long-term growth potential. While there may be some profit booking in the short term due to the recent rally in share prices, the overall outlook remains positive. With more orders expected and a likely increase in the defence budget, investors are advised to stay invested for the next one to two years to benefit from the sector’s growth.
Here is the list of Defence stocks that likely to benefit from the ₹30,000 Cr Air Defence Missile System
| Stock Name | CMP | Movement |
| NIBE Ltd | 1846.2 | 10% |
| Data Patterns (India) Ltd | 3106.5 | 5.25% |
| Astra Microwave Products Ltd | 1170 | 4.03% |
| Ideaforge Technology Ltd | 595.8 | 3.56% |
| Avantel Ltd | 165.2 | 2.88% |
| Premier Explosives Ltd | 621.75 | 2.72% |
| Hindustan Aeronautics Ltd | 5083.8 | 2.70% |
| Bharat Electronics Ltd | 396.85 | 2.41% |
| Bharat Dynamics Ltd | 1953.95 | 2.18% |
| Paras Defence and Space Technologies Ltd | 1618.6 | 1.91% |
| Mazagon Dock Shipbuilders Ltd | 3385.8 | 1.71% |
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
