Defensive Picks

India's defence sector is poised to witness a significant boom in 2025, fueled by increased government spending, rising indigenization, and a robust domestic order pipeline. Brokerage firms Phillip Capital and Elara Capital are optimistic about the growth prospects in this space, with Hindustan Aeronautics and Bharat Electronics emerging as their top stock picks. Here is a list of six stocks poised to benefit from India’s growing defense investments: