Five PSUs and Half of the Nifty Defence Index Stocks Become Multibaggers in FY24.
Defence Sector's
Meteoric Rise
Nifty Defence Index surged 119% in FY24, outpacing Nifty with 44% CAGR growth over 5 years, led by PSUs and private firms.
PSUs Shine Bright
Government-owned Cochin Shipyard soared 280%, leading the pack among top performers like Mazagon Dock Shipbuilders and Hindustan Aeronautics.
Click Here Microcaps Make Waves
Even microcaps like NIBE and SME Meson Valves saw substantial gains, reflecting the sector's growth potential and investor interest.
McKinsey identifies geopolitical shifts, modernization needs, internal security, economic growth, and industry competition as key growth drivers.
Factors Driving Growth
Experts advise a long-term investment horizon, emphasising efficiency, execution, and innovation to achieve sustainable growth in India's thriving defence sector.
Long-Term Outlook
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