3 Must-Have Defence Stocks in Your Portfolio

We carefully studied 30 defence-related companies, looking at both their business performance (fundamentals) and stock trends (technicals). Based on our analysis, here are three strong stocks you can consider adding to your investment portfolio to benefit from the government's increasing spending on defence.

1. Hindustan Aeronautics Ltd (HAL)

HAL builds aircraft and helicopters and also handles their repair and maintenance.

• The company has little to no debt.

• It has shown strong profit growth of 26.5% per year (CAGR) over the past 5 years.

• The stock is currently trading well above its 20-week moving average, showing good strength and momentum.

2. Bharat Electronics Ltd (BEL)

BEL, founded in 1954, makes and supplies electronic systems and equipment for the defence sector.

• It is also nearly debt-free.

• It’s a strong and reliable choice for defence sector investment.

• The stock recently broke out of a consolidation phase and is also trading strongly above its 20-week moving average — a positive technical sign.

3. Paras Defence and Space Technologies (PDST)

This private company focuses on designing, making, and testing various defence and space-related products and systems.

• It has very low debt.

• The company has shown 25.5% annual profit growth over the last 5 years.

• Just last week, the stock jumped 29%, showing strong buying interest and potential for further growth.

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Disclaimer: The views expressed in this article are intended for educational purposes only and should not be considered as buy/sell recommendations. Investing in stocks involves financial risk. Please consult a qualified financial advisor before making any investment decisions.