Motilal Oswal picks 4 defence stocks with upside potential of up to 36% after DAC’s Rs 79,000 cr clearance

Motilal Oswal has turned bullish on select defence stocks after the Defence Acquisition Council approved capital proposals worth Rs 79,000 crore. The brokerage sees Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics and Astra Microwave Products benefiting from a strong defence procurement pipeline over the medium term.