Defense companies with strong capex are expected to come under the preview of bull market as some value buying is expected to happen in Defense stocks on 19 February 2024. ” The recent military order of ₹ 80000 crores signify a year on year increase in military spending. Indian Defense companies Hindustan Aeronautics and Bharat Electronics appear to be the expected beneficiary of the Defense Coucil decision to disburse ₹80000 crore order. Hindustan Aeronautics and Bharat Electronics both have robust order books and efficient delivery capabilities
