HAL, Cochin Shipyard, BEML and other defence stocks rally as govt reviews Rs 2 lakh crore IAF jet deal

Indian defence stocks continue to attract investor attention amid optimism over long-term sector growth and major deals like the Rafale project. Experts highlight strong order books at HAL, Mazagon Dock, and Cochin Shipyard, while cautioning that near-term valuations may be elevated. Government initiatives like Make in India and Aatmanirbhar Bharat support the structural growth story and indigenous defence production.