Goldman Sachs Identifies 5 Under-the-Radar Defence Stocks

Goldman Sachs has identified five under-the-radar defence stocks beyond BEL and HAL, highlighting rising domestic manufacturing capabilities and government procurement momentum. Analysts believe India’s defence sector could benefit from sustained capital expenditure and export growth. The brokerage noted strong order books and margin expansion potential among select companies. Investors are closely tracking defence counters amid geopolitical developments and policy support.