Ahead of the 2025-2026 Union Budget, India’s defence sector anticipates continued emphasis on self-reliance and modernization, building on initiatives like the Defence Production Policy and import embargoes on foreign defence equipment.
With a projected defence spending increase to $415.9 billion by 2029, the government is focusing on fostering domestic manufacturing, encouraging private sector participation, and achieving an export target of $5 billion by 2025.
Listed below are 3 defence stocks in which Foreign Institutional Investors/Foreign Portfolio Investors have increased their stake in Q3FY25.
Zen Technologies
Zen Technologies Limited is engaged in the business of designing, developing, and manufacturing state-of-the-art Combat Training Solutions for the training of Defence & Security Forces worldwide.
With a market capitalization of Rs. 16,106 Crores, the shares of Zen Technologies Limited closed at Rs. 1,783.75 per equity share, up 2.5 percent from its previous day’s close price of Rs. 1,740.65.
In Q3FY25 the FII/FPI increased their holding in Zen Technologies Limited from 5.72 percent in Q2FY25 to 8.29 percent in Q3FY25 by purchasing an additional 2.57 percent stake.
Paras Defence and Space Technologies
Paras Defence and Space Technologies Limited is primarily engaged in designing, developing, manufacturing, and testing a variety of defence and space engineering products and solutions.
With a market capitalization of Rs. 4,255 Crores, the shares of Paras Defence and Space Technologies Limited closed at Rs. 1,055.95 per equity share, down 7 percent from its previous day’s close price of Rs. 1,136.65.
In Q3FY25 the FII/FPI increased their holding in Paras Defence and Space Technologies Limited from 3.64 percent in Q2FY25 to 4.84 percent in Q3FY25 by purchasing an additional 1.2 percent stake.
Apollo Micro Systems
Apollo Microsystems is engaged in the design, development, and assembly of custom-built electronics and electro-mechanical solutions and many more for aerospace, defence, space, transportation, and homeland security markets.
With a market capitalization of Rs. 3,980 Crores, the shares of Apollo Micro Systems Limited closed at Rs. 129.85 per equity share, down 5 percent from its previous day’s close price of Rs. 137.30.
In Q3FY25 the FII/FPI increased their holding in Apollo Micro Systems Limited from 0.19 percent in Q2FY25 to 0.74 percent in Q3FY25 by purchasing an additional 0.55 percent stake.
Written by: Bharath K.S
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