Defense stocks are seeing a lot of rise in the Indian stock market these days. But some brokerage firms still expect a great boom in these shares. Jeffers has chosen Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL) and data pattern as top investment options. The support of Jeffers has come at a time when India’s defense spending has increased by 25% year-on-year by March 2025. The year-on-year growth of 122% in April 2026 in April shows a solid start against the 13% increase in the budget.
After the ‘Operation Sindoor’ in May 2025, the Government of India has focused on promoting India -made defense products globally with the aim of increasing export opportunities. This is why HAL and data patterns have emerged as the top choice of Jeffers. Also, the brokerage firm is positive about BEL. The government’s strategic initiative aims to promote defense exports significantly, which is currently 10% of the target of ₹ 30,000 crore for FY 26. These efforts are part of the comprehensive strategy to increase India’s status in the global defense market.
Why buy shares of data pattern? Data pattern discussion is underway with a global original tool manufacturer (OEM) for export of multimodal hardware defense electronics. This keeps the company in good position for further growth. Jeffers has given a purchase rating to the data pattern, which emphasizes its promising discussions and possible orders, which can strengthen its market position.
HAL and BEL also have strong orders. Jafaries report also highlights HAL and BEL’s strong order books and pipelines, which reflect their medium -term growth capacity. Brokerage has given HAH a purchase rating and holding a hold rating to BEL. Brokerage said that these companies are in good condition to take advantage of the increasing demand for defense technology.
Significantly, the role of the private sector in the defense industry is increasing, companies like MTAR, Sushen and Paras are being seen as promising contributors in the expansion of the field. Jeffers is positive about these companies, hopefully they will continue to contribute to the development path of the region.
