Big Gains for Defence Companies Like HAL and Cochin Shipyard in India

India’s defence production has reached new heights, driven by the Make in India initiative. Major defence companies have seen their stock prices soar, providing substantial returns to investors.

Hindustan Aeronautics Limited (HAL)

HAL, the largest defence manufacturing Public Sector Undertaking (PSU), has seen its shares surge by more than 197% within the last year.

Cochin Shipyard Limited

Cochin Shipyard Limited experienced even more impressive gains, with its stock soaring by over 913% in the same period, making it a highly favoured defence stock among investors.

Bharat Electronics Limited (BEL)

BEL, the second-largest company in terms of market capitalization, provided substantial returns to its shareholders, with a growth of over 167% in a year.

Other Notable Performers

Solar Industries Limited, specializing in explosives manufacturing, saw its shares gain over 230% in the past year. Bharat Dynamics Limited (BDL), which manufactures guided missiles and other defence equipment, delivered a return of 208% to its shareholders over the past year.

Overall Growth

The Defence Ministry reported that the total value of defence production in India has risen to Rs 1,26,887 crore, reflecting a 16.7% growth over the previous financial year’s production value of Rs 1,08,684 crore in FY 2022-23. This surge highlights the performance of the defence manufacturing industry, contributing significantly to the nation’s economic growth and providing substantial returns to investors.