Operation Sindoor-tested weapons boost defence stocks: Jefferies sees upside in HAL, BEL, Solar and Astra | Sectoral analysis

Jefferies sees defence stocks as strong bets after Operation Sindoor tested locally built weapons in combat. The brokerage expects gains in HAL, BEL, Solar and Astra. Growing domestic capital spending, more private-sector participation and rising export ambitions are driving demand for homegrown military systems. Investors should track these names carefully, but remember markets carry risk.