Defence Exports Rise After Operation Sindoor. Jefferies Names Solar, Astra, HAL and BEL as Top Stock Picks

HAL, BEL, Bharat Dynamics, Data Patterns, Solar Industries, Astra Microwave - Jefferies shares price targets

Jefferies predicts the defence sector's sales will rise from 27% in FY26 to 40% by FY30, with a 31% earnings CAGR. Additionally, it highlights significant growth potential for several defence companies, including Solar Industries and Astra Microwave, in the coming years.

Defence exports rise after Operation Sindoor. Jefferies names Solar, Astra, HAL and BEL as top stock picks

Jefferies initiated coverage on Solar Industries and Astra Microwave with Buy ratings, citing strong defence growth prospects and rising order books. It also maintained Buy ratings on HAL and Bharat Electronics while assigning a Hold rating to Bharat Dynamics. The brokerage expects robust earnings growth across these companies, supported by rising defence spending, indigenisation and export opportunities.

HAL, BEL, Solar Industries, BDL: Jefferies Picks Five Defence Stocks To Buy — Check Target Prices

Jefferies initiates Buy on Solar Industries and Astra Microwave, while maintaining Buy on HAL, BEL and Data Patterns. BDL gets a Hold rating.