3 defence stocks, 13x returns in 5 years. But with order books set to jump 5x, the rally may not be over
- Posted on May 18, 2025
- By Financial Express
- 1 Views

3 defence stocks, 13x returns in 5 years. But with order books set to jump 5x, the rally may not be over

India’s defence shipbuilders have delivered strong returns backed by rising orders and exports, but elevated valuations mean future gains depend on execution and new contract wins.