New Delhi [India], With the government's push for the Make in India initiative, defense production has increased to historic levels. This increase in defense manufacturing has also generated substantial returns for investors in major defense manufacturing PSUs over the past year.
According to National Stock Exchange (NSE) data, shares of the largest defense manufacturing public sector undertaking (PSU), Hindustan Aeronautics Limited (HAL), have risen over 197 per cent in the last one year.
Cochin Shipyard Limited has seen even more impressive gains, with its stock increasing by more than 913 percent in the same period. This phenomenal performance has positioned Cochin Shipyard as a highly favored defense stock among investors.
Meanwhile, Bharat Electronics Limited (BEL), the second largest company in terms of market capitalization, has also delivered substantial returns to its shareholders, growing over 167 per cent in a year.
The Defense Ministry on Friday highlighted that the value of defense production has been on a steady upward trajectory over the past five years, growing by more than 60 per cent since 2019-20.
Market experts attribute the rise in defense production and exports to the impressive rise in defense stock returns. Solar Industries Limited, a company specializing in manufacturing explosives, has seen its shares gain over 230 per cent in the past year, according to the NSE.
Additionally, Bharat Dynamics Limited (BDL), another government-owned PSU that manufactures guided missiles and other defense equipment for the Indian Armed Forces, generated a return of 208 per cent to its shareholders over the last year.
The Defense Ministry emphasized that the increase in defense production has been driven by the successful implementation of government policies and initiatives focused on achieving 'Aatmanirbharta' or self-reliance.
According to data collected from all defense public sector undertakings (DPSUs), other PSUs involved in defense manufacturing and private companies indicate that the value of defense production in India has reached an unprecedented level.
"The total value of defense production in the country has increased to Rs 1,26,887 crore, reflecting a growth of 16.7 per cent over the previous financial year's production value of Rs 1,08,684 crore in fiscal year 2022-23," the Defense Ministry said.
The rise in defense production highlights the performance of the defense manufacturing industry, which has not only contributed significantly to the country's economic growth but has also provided substantial returns to investors.
According to National Stock Exchange (NSE) data, shares of the largest defense manufacturing public sector undertaking (PSU), Hindustan Aeronautics Limited (HAL), have risen over 197 per cent in the last one year.
Cochin Shipyard Limited has seen even more impressive gains, with its stock increasing by more than 913 percent in the same period. This phenomenal performance has positioned Cochin Shipyard as a highly favored defense stock among investors.
Meanwhile, Bharat Electronics Limited (BEL), the second largest company in terms of market capitalization, has also delivered substantial returns to its shareholders, growing over 167 per cent in a year.
The Defense Ministry on Friday highlighted that the value of defense production has been on a steady upward trajectory over the past five years, growing by more than 60 per cent since 2019-20.
Market experts attribute the rise in defense production and exports to the impressive rise in defense stock returns. Solar Industries Limited, a company specializing in manufacturing explosives, has seen its shares gain over 230 per cent in the past year, according to the NSE.
Additionally, Bharat Dynamics Limited (BDL), another government-owned PSU that manufactures guided missiles and other defense equipment for the Indian Armed Forces, generated a return of 208 per cent to its shareholders over the last year.
The Defense Ministry emphasized that the increase in defense production has been driven by the successful implementation of government policies and initiatives focused on achieving 'Aatmanirbharta' or self-reliance.
According to data collected from all defense public sector undertakings (DPSUs), other PSUs involved in defense manufacturing and private companies indicate that the value of defense production in India has reached an unprecedented level.
"The total value of defense production in the country has increased to Rs 1,26,887 crore, reflecting a growth of 16.7 per cent over the previous financial year's production value of Rs 1,08,684 crore in fiscal year 2022-23," the Defense Ministry said.
The rise in defense production highlights the performance of the defense manufacturing industry, which has not only contributed significantly to the country's economic growth but has also provided substantial returns to investors.
