Antique backs HAL, BEL, Mazagon Dock on defence order funnel

A stock research company called Antique says it is a good time to buy shares in some Indian defence companies.

These companies make fighter planes, submarines, missiles and electronics for the Indian military.

Antique thinks huge new orders are coming, worth more than Rs 2.9 trillion.

That is almost 14 times bigger than the orders these companies already have.

The new work could include submarines, quick-reaction missiles and new navy ships.

Antique's favourite pick is Bharat Electronics, which makes electronic systems and could rise by about 33%.

It also likes Hindustan Aeronautics for aircraft and Mazagon Dock for submarines and ships.

Last year, orders to these companies fell by about 17% because some big projects were delayed.

Antique believes that slowdown is temporary and that contracts are almost ready to be signed.

Buying stocks is risky, so investors should always do their own research first.