India, Oct. 5 -- India's defence sector is witnessing strong growth, supported by rising government spending, policy reforms and the push towards self-reliance. Several listed defence companies are currently trading below their respective 52-week highs, offering a snapshot of the sector's recent market performance.

The list includes defence stocks such as TechEra Engineering, Garden Reach Shipbuilders & Engineers, NIBE, Bharat Dynamics, Avantel and others, with declines of up to 51% from their 52-week highs.

India's defence industry is entering a decisive phase, supported by policy reforms, rising defence spending, stronger domestic supply chains and a growing innovation ecosystem. The defence budget for FY 2026-27 reached US$88 billio...