Motilal Oswal Recommends 'Buy' on 4 Defence Stocks for Up to 35% Upside

• Motilal Oswal recommends 'buy' on Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), and Astro Microwave Products.
• Brokerage firm sees up to 35% upside potential in these defence stocks.
• Recommendation follows Defence Acquisition Council's (DAC) approval of ₹79,000 crore proposals.
• Total DAC approvals now stand at ₹33 lakh crore, de-risking order inflows for defence PSUs and private players.
• Specific opportunities identified for BEL (radar systems), HAL (missile integration), BDL (guided ammunition), and Astra Microwave (components).

Why It Matters: Motilal Oswal advises 'buy' on key defence stocks, citing significant upside and robust order pipeline.