Motilal Oswal Bets Big: 4 Defense Stocks Poised for Up to 35% Surge

• Motilal Oswal recommends 'Buy' for Bharat Electronics, HAL, Bharat Dynamics, Astra Microwave Products, citing up to 35% upside.
• Recommendation follows DAC's approval of ₹79,000 crore defense acquisitions, boosting total approvals to ₹3.3 lakh crore this fiscal.
• These approvals create a strong order pipeline for defense companies over the next 2-4 years, reducing order flow risk.
• BEL, HAL, and BDL are expected to secure significant orders in radar, missile systems, and aircraft platforms.
• Private sector firms like L&T and Tata Advanced Systems also see growing opportunities in component supply and integrated products.

Why It Matters: Motilal Oswal sees significant upside in defense stocks due to massive government procurement approvals.