₹1.1 Lakh Crore Defence Push: Why Stocks Are In Focus, Expert Picks Top Stocks

Defence stocks are back in focus after the Defence Acquisition Council approved ₹1.1 lakh crore in domestic military hardware purchases. BEL and HAL are emerging as preferred picks, while BDL is facing technical weakness on the charts. The defence sector remains one of the stronger-performing pockets of the market, alongside pharma. Hitesh Rathi, Technical & Derivative Analyst, Angel One, highlights BEL’s monthly chart support around ₹380–390 and its 20-month exponential moving average as a potential long-term entry zone. HAL also stands out after a strong move and a monthly breakout setup. For a ₹50,000 investment, he suggests an allocation of ₹25,000 each in BEL and HAL.