India, Feb. 27 -- India's Aerospace & Defence sector is booming with the FY 2026-27 Union Budget allocating Rs7.85 lakh crore to defence (up 15% YoY), including Rs2.19 lakh crore capex (22% rise). Aircraft and aero engines get Rs63,734 crore (29% of capex), while 75% of acquisitions target the domestic industry. Exports hit Rs26,673 crore last FY, fueling self-reliance.

With a market capitalisation of Rs 11,475.02 crore, the shares of MTAR Technologies Ltd were trading at Rs 3,730.55 per share, increasing around 1.34 percent as compared to the previous closing price of Rs 3,683.55 apiece.

Brokerage Recommendation Motilal Oswal has maintained a bullish stance on the defence stock, assigning a 'Buy' rating with a target price of Rs4,810....