3 Defence stocks to add to your investment watchlist

Bharat Dynamics Limited (BDL) stands out as a pivotal entity in India's defence landscape, renowned for its expertise in manufacturing guided missiles and ammunition. With a robust portfolio that caters to the diverse needs of the Indian armed forces, BDL has established itself as a cornerstone of national security. Investors find BDL attractive not only for its strategic importance but also for its strong financial performance and growth potential in the expanding defence market. Another stock capturing attention is Hindustan Aeronautics Limited (HAL), a key player in aerospace and aviation. HAL's collaborations with global aerospace giants and its role in developing indigenous aircraft make it a vital component of India's defence infrastructure. As the government pushes for self-reliance in defence production, HAL's prospects look promising, appealing to investors seeking long-term growth in the sector. Finally, Mazagon Dock Shipbuilders Limited (MDSL) offers significant investment potential with its expertise in shipbuilding and submarine construction. As India's premier shipyard, MDSL is at the forefront of enhancing naval capabilities. With ongoing projects and future prospects in both domestic and international markets, MDSL represents a compelling addition to any investment watchlist, especially for those eyeing the maritime defence segment.

— Authored by Next24 Live