India, April 18 -- As the Iran war drags on, focus has shifted again on this sector

Over the past 12 months, India's defence stocks witnessed a boom, especially after last year's India-Pakistan tech-drone-missile war. While their prices are up by 18 per cent, the financials are likely to grow by a similar percentage in the future. Several analysts contend that these may be the best defensive stocks to buy in the current war scenario. Apart from the geopolitical situation, India's rising defence budget, focus on local production and exports, and ongoing tensions on the borders may augur well for these shares.

Defence spending is in focus globally. Recently, Donald Trump's budget proposed an annual expenditure of $1.5 trillion, or more th...