Jyoti Gupta, defence analyst at Nirmal Bang, expects a positive long-term outlook for select defence stocks following the Defence Acquisition Council’s (DAC) latest approval of proposals worth ₹79,000 crore for the Army, Navy, and Air Force.

Gupta’s top picks in the defence space include Hindustan Aeronautics Ltd (HAL), Bharat Earth Movers Ltd (BEML), Bharat Electronics Ltd (BEL), Astra Microwave, and Data Patterns .

“HAL remains my top pick because we could see a surprise factor, with around 7-8 aircraft likely to be delivered by FY26–27. BEML’s second quarter may not be strong due to assembly issues, but I expect a recovery by quarter four,” Gupta said.

She added that BEL, Astra Microwave , and Data Patterns should continue to perform well, with Data Patterns offering the mo

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