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HAL, BEL, Data Patterns shares surge up to 10% after Jefferies' 'Buy' ratings
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
Global geo-political tensions and India’s rising focus on self-reliance is boosting order flow and revenue growth for domestic defence cos, says Jefferies.
India is making a break from the past to power its defence and attack capabilities completely indigenously, giving its firms a shot at the $2.5 trillion global defence and aerospace market.
An over ₹10 lakh crore defence indigenisation plan involves rapid strides in local manufacturing of critical war machines, fighter jets, aircraft carrier, and anti-climate clothing.
All the items included in the lists will be procured from indigenous sources.
The exports of defence items and technology reached a whopping ₹13,000 crore in FY2021-22, which is expected to surge to ₹17,000 crore in FY23.