Stocks To Buy — ICICI Securities Lists BEL, PTC, Solar Industries, Azad Engineering As Top Defence Picks

The brokerage believe the recent correction in defence stock prices provides a good entry point into the space as the fundamentals largely remain unchanged. Further, the order inflow for BEL remains strong as it has received orders worth >Rs 170 billion FY25-TD (as against the guidance of Rs 250 billion for FY25), we expect another Rs 70-80 billion orders to flow in march.