Is Bharat Forge The Next Multibagger? Defence Sector Outlook Explained By Gaurav Sharma

India's defence sector remains a key area of interest for investors as rising geopolitical tensions and increasing focus on indigenous manufacturing continue to support growth prospects. Gaurav Sharma, Associate VP & Head of Research, Globe Capital, said that Bharat Forge remains a fundamentally strong company with a solid track record, improving defence order inflows and stable financial performance. He noted that the company has been steadily expanding its presence in niche defence segments and remains a positive long-term bet despite broader market volatility. Sharma also highlighted that defence is a multi-year growth story driven by global security concerns and higher spending on military capabilities. Among his preferred picks in the sector are HAL, Bharat Electronics (BEL) and Mazagon Dock Shipbuilders.