ICICI Direct is bullish on these two defence stocks. Here’s why
ICICI Direct believes HAL has a big opportunity in both manned and unmanned combat aerial vehicles, helicopters and aero engines. With the development of Kaveri engine variants for different UCAVs, manufacturing of other aircraft engines and maintenance, repair and overhaul (MRO) of these aircraft and engines, the brokerage believes HAL is a multi-year growth story with significant growth potential.
