India, April 6 -- India's defence sector is gaining strong momentum, with the FY27 budget allocating around Rs 7.85 lakh crore, nearly 2% of GDP. Capital expenditure has exceeded Rs 2.19 lakh crore, while domestic production is nearing Rs 1.75 lakh crore. Moreover, defence exports are expected to reach Rs 29,000 crore by April 2026, highlighting rising self-reliance and global competitiveness.

With a market capitalisation of Rs 2,46,574.00 crore, the shares of Hindustan Aeronautics Ltd closed at Rs 3,686.95 per share, increased around 0.44 percent as compared to the previous closing price of Rs 3,670.75 apiece.

Brokerage Recommendation CLSA has maintained a positive stance on the defence stock, assigning an 'Outperform' rating with a ta...