Citing factors such as global geopolitical tensions and India's rising focus on self-reliance, the report added that these factors are fuelling order flow and revenue growth for domestic defence companies.
"Government focus on building country-tocountry relations to promote exports is icing on the cake," Jefferies added.
It further added that India's defence spending will double between FY24 and FY30, which should continue to push the stock prices of the defence companies higher.
Bu hikaye The Business Guardian dergisinin September 09, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin September 09, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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