Jefferies picks 5 defence stocks with upside potential of up to 39% after DAC’s Rs 1.1 lakh crore proposal - Set for gains
· economictimes.indiatimes.com
India’s defence industry is entering a higher growth phase as combat deployment of indigenous weapons during Operation Sindoor strengthens the credibility of locally made systems in global markets. Jefferies expects defence exports to rise 11% annually through fiscal 2030, reaching Rs 584 billion, and has identified 5 stocks that can potentially perform well in the coming quarters. Set for gains
Astra Microwave has a Buy rating from Jefferies, with a target price of Rs 2,055 compared with its current market price of Rs 1,733, with the brokerage forecast...