Budget 2026: Defense Spending to Rise 8-10%, Key Stocks in Focus
Business
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Moneycontrol•31-01-2026, 14:03
Budget 2026: Defense Spending to Rise 8-10%, Key Stocks in Focus
- •Union Budget 2026, to be presented on February 1st, is expected to increase the defense budget by 8-10% year-on-year.
- •Focus will be on indigenization, capital expenditure, and domestic sourcing, with no major surprises anticipated in allocation.
- •Hindustan Aeronautics, Bharat Electronics, Bharat Dynamics, Mazagon Dock Shipbuilders, and Garden Reach Shipbuilders are key PSUs to watch.
- •Private players like Larsen & Toubro, Bharat Forge, Data Patterns, and Astra Microwave are also expected to benefit from localization efforts.
- •Investors will prioritize companies with clear execution timelines, strong cash flows, and long-term earnings visibility, as optimism is already priced in.
Why It Matters: Budget 2026 anticipates an 8-10% defense budget hike, focusing on indigenization and execution speed for key stocks.
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