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    4 defence sector stocks with up to 32% upside potential

    Synopsis

    Government support, higher defence expenditure, robust exports and huge order books to drive performance of defence companies in future.

    The government’s aim to achieve self-reliance in the defence sector has boosted the share prices of defence companies. Twelve listed companies across private and public domains delivered an average return of over 58% in the past year. Comparatively, the NSE 500 index delivered 1.5% returns during the same period. “The outlook of the defence sector is positive given strong government support that includes the creation of a vendor ecosystem,
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    The Economic Times