Antique Stock Broking’s preferred picks in the defence sector are Mazagon Dock Shipbuilders Ltd, Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), PTC Industries, and Zen Technologies, all retaining a 'Buy' rating.

HAL being a monopoly play in defence aerospace is seen emerging as one of the key beneficiaries of the ordering momentum. Antique retained its positive stance on HAL with a target price of Rs 6,360, valuing the Tejas fighter jet maker at 40 times its H1FY28E EPS. Advertisement

With warfare systems now witnessing a considerable increase in electronic components, BEL is expected to benefit materially across key platforms. Antique maintained 'Buy' rating on this stock with target price of Rs 454.

Mazagon Dock's March quarter and June quarter Ebitda m

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