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Defence Sector Q4 Results Preview: To Be A Mixed Bag, Projects Nirmal Bang; Solar Industries Among Top Picks
Nirmal Bang maintains a positive outlook on the defence sector, highlighting the ongoing efforts towards indigenization, a strong order pipeline, and significant growth potential.
16 Apr 2025, 06:25 PM IST 
India aims to achieve Rs 3 trillion in defence output by 2029, thereby reinforcing its position as a prominent global defence manufacturing centre. (Photo: Vijay Sartape/ NDTV Profit)
The sector is experiencing positive momentum due to several factors: heightened emphasis on indigenisation and "Atmanirbhar Bharat" initiatives, increased defence budget allocations, escalating geopolitical tensions, an expanding indigenisation list, the potential for defence exports, and investments in advanced technologies such as AI and robotics.
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