Curated basketTrending

Defence & Aerospace

Indian defence and aerospace stocks — public-sector and private manufacturers riding the indigenisation and defence-capex push.

15 companies
₹11.35L cr combined market capAs of 4 Sept 2026

This is an editorial list, not an index. No thematic index exists for us to source membership from, so the companies below were chosen by hand — treat the basket as a starting point for research rather than a definitive universe.

Returns

Cap-weighted with a 12% ceiling per company
Basis1D1W1M3M6M1Y
Cap-weighted-0.6%-0.7%+4.8%+8.0%+22.3%+17.9%
Equal-weighted-0.7%-0.6%+4.0%+9.1%+31.4%+29.1%
vs universe+5.4pp+2.4pp+10.3pp

Cap- and equal-weighted diverge. 6M -9.2pp, 1Y -11.3pp. The smaller members are leading — the headline understates how broad this move is.

Why this label

Classified Trending because it was ahead of the universe over both 3 months and 1 month, with at least 55% of eligible members above their 200-day average. Relative strength is measured against DocStoX universe (5,319 companies).

1M vs universe
+5.5pp
3M vs universe
+2.4pp
6M vs universe
+10.3pp
Above 200-DMA
73%
Above 50-DMA
67%
Acceleration
+3.0pp

These are the exact figures the nightly classifier read — not a recalculation in your browser. A dash means the input could not be computed, in which case no label is assigned at all.

Breadth

15 of 15 eligible
Above 200-day average73%
Above 50-day average67%
Median RSI
48.3
Oversold
0
RSI below 30
Overbought
0
RSI above 70

These percentages are of the 15 members that carry moving-average history, not all 15. Members without enough price history are excluded from both the numerator and the denominator.

Valuation

Medians, not averages — one loss-making outlier cannot drag the whole theme.

Median P/E
82.7
from 13 companies
Median ROE
12.5%
from 15 companies

Each median names the number of companies behind it. Companies without a reported figure are excluded from that median rather than counted as zero.

Leaders & laggards

All 15 companies

A dash means we have no figure — not a zero
Companies in the Defence & Aerospace theme, with weight, market cap, price, returns and valuation.
Solar Industries India LtdSOLARINDS+14.7%
Hindustan Aeronautics LtdHAL+4.8%
Bharat Electronics LtdBEL+3.5%
Mazagon Dock Shipbuilders LtdMAZDOCK+3.6%
Bharat Dynamics LtdBDL-0.8%
Cochin Shipyard LtdCOCHINSHIP+4.8%
Garden Reach Shipbuilders & Engineers LtdGRSE-0.5%
Data Patterns (India) LtdDATAPATTNS+0.7%
BEML LtdBEML+21.7%
Astra Microwave Products LtdASTRAMICRO-5.8%
Zen Technologies LtdZENTEC+7.0%
Paras Defence and Space Technologies LtdPARAS+8.8%
Mishra Dhatu Nigam LtdMIDHANI+1.5%
Dynamatic Technologies LtdDYNAMATECH+8.4%
Ideaforge Technology LtdIDEAFORGE-11.9%

Defence & Aerospace stocks — frequently asked

How many Defence & Aerospace stocks are listed in India?
DocStoX tracks 15 listed Defence & Aerospace companies across NSE and BSE, selected as a curated basket rather than from an index.
How have Defence & Aerospace stocks performed over the last 3 months?
The Defence & Aerospace theme returned +8.0% over three months on a market-cap-weighted basis (each company capped at 12%), measured against DocStoX universe (5,319 companies).
Are Defence & Aerospace stocks trending?
DocStoX currently labels this theme "Trending", based on its 1-month and 3-month relative strength and the share of members above their 200-day and 50-day moving averages. This is a data classification, not investment advice.
Which Defence & Aerospace stock has performed best recently?
BEML Ltd (BEML) leads the theme over the last month at +21.7%. Past performance does not indicate future returns.

Other curated baskets

Compare this theme with the rest of the market.

All themes

Themes are informational groupings of listed companies, not recommendations, portfolios or indices. Figures are computed nightly from end-of-day data and may lag the live market. This is not investment advice — consult a SEBI-registered adviser before investing.

Defence & Aerospace Stocks — Theme Returns & Members | DocStoX