Budget 2026: Defence Stocks in Focus Amid Expected Outlay Hike, Indigenisation Push
Budget
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Moneycontrol•31-01-2026, 12:02
Budget 2026: Defence Stocks in Focus Amid Expected Outlay Hike, Indigenisation Push
- •Defence stocks are expected to be in focus during Union Budget 2026 on February 1, with an anticipated 8-10% increase in defence outlay.
- •Investors are prioritizing execution momentum, faster order finalization, and clear procurement timelines over just budget numbers.
- •PSUs like Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock Shipbuilders, and Garden Reach Shipbuilders are key players.
- •Private sector firms such as Larsen & Toubro, Bharat Forge, Data Patterns, and Astra Microwave will benefit from indigenisation efforts.
- •While higher allocations are positive, stock performance will hinge on contract awards, project execution, and payment flows to manufacturers.
Why It Matters: Budget 2026 will highlight defence stocks, with focus on increased outlay, indigenisation, and execution efficiency.
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