GENERAL23 Sept 2026
HAL, Bharat Dynamics, BEML, BEL: Which defence stock to buy for maximum gains amid next expansion phase | Target price | Stock Market News
Emkay Global has started covering India's defence stocks and expects the sector to keep growing, helped by policy support and rising exports. It sees production reaching ₹1.8 trillion and exports ₹380 billion in 2025-26. Hindustan Aeronautics (HAL) is its top pick, with a ₹5,950 target price. If you hold these shares, treat such targets as research views, not guarantees.
Key Statutory Highlights
- Emkay Global expects India's defence production to touch ₹1.8 trillion and exports ₹380 billion in 2025-26, with 2026 targets of ₹3 trillion in production and ₹500 billion in exports.
- Emkay rates HAL a Buy with a target price of ₹5,950 per share and calls it its top pick in the sector.
- BEML holds an order book of ₹217 billion, which Emkay says gives it revenue visibility through to FY29.
Actionable Advice for Taxpayers / Founders:If you are considering defence stocks, read the full Emkay report and check how it fits your own goals and risk appetite before acting. Brokerage target prices are opinions, not assured returns, so a registered investment adviser can help you decide.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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