{"id":308359,"date":"2026-10-14T17:20:55","date_gmt":"2026-10-14T11:50:55","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=308359"},"modified":"2026-10-14T17:20:55","modified_gmt":"2026-10-14T11:50:55","slug":"defence-stocks-to-buy-hal-bharat-dynamics-midhani-are-dam-capitals-top-picks-with-up-to-39-percent-upside-check-targets","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/defence-stocks-to-buy-hal-bharat-dynamics-midhani-are-dam-capitals-top-picks-with-up-to-39-percent-upside-check-targets\/","title":{"rendered":"Defence Stocks to Buy: HAL, Bharat Dynamics, MIDHANI Are DAM Capital’s Top Picks With Up to 39% Upside, Check Targets"},"content":{"rendered":"

Defence stocks to buy: DAM Capital’s public-sector picks are HAL (target Rs 6,300), Bharat Dynamics (Rs 1,540) and MIDHANI (Rs 430), per its April 2026 initiation. Prices on 14 Oct 2026: HAL Rs 4,925, Bharat Dynamics Rs 1,125, MIDHANI Rs 432.70. Upside: about 28%, about 37% and about -1% (my calculation).<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

DAM Capital expects Indian defence to grow beyond orders, driven by technology, local manufacturing, exports and partnerships, and its defence stocks to buy include HAL, MIDHANI and Bharat Dynamics as preferred public-sector picks across aircraft, materials and missiles. The targets I could verify are from its April 2026 initiation, and they are Rs 6,300 for HAL, Rs 1,540 for Bharat Dynamics and Rs 430 for MIDHANI. From the 14 October prices, that is about 28% upside for HAL and about 37% for Bharat Dynamics, while MIDHANI is already at its target (my calculation). I could not find the 14 October note itself, so the headline’s 39% upside and any updated targets are not confirmed.<\/p>\n<\/p><\/div>\n

Defence has been one of the most watched themes of 2026, helped by large approvals from the Defence Acquisition Council and a push for local manufacturing. Many investors now ask which defence stocks to buy after a mixed few months for the sector.<\/p>\n

This guide on defence stocks to buy covers what DAM Capital says, the targets and upside for each pick, the sector numbers behind the call, what ICICI Securities expects from the September quarter results and the risks. Figures that I work out myself are labelled.<\/p>\n

One point needs care. The headline refers to up to 39% upside, but the only DAM Capital targets I could find are from its 29 April 2026 initiation, so the upside below is calculated on those.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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