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Motilal Oswal Recommends 4 Defense Stocks for Potential 38% Gains
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Motilal Oswal Recommends 4 Defence Stocks for Up to 38% Upside
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CNBC TV18
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10-03-2026, 08:24
Motilal Oswal Recommends 4 Defence Stocks for Up to 38% Upside
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Motilal Oswal maintains 'buy' on Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Astra Microwave, citing up to 38% upside.
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Brokerage expects higher global defence spending due to West Asia conflict, benefiting India's defence sector.
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India's defence sector is well-positioned for growth from domestic procurement, increasing exports, and government's indigenization push.
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Strong order visibility for the next 15-18 months, despite near-term supply chain concerns.
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Price targets imply significant upside: HAL (38%), BDL (35%), Astra Micro (15%), and BEL (14%).
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