“Anwani is bullish on specific defence sub-sectors and stocks. He highlights Hindustan Aeronautics (HAL) benefiting from increased allocations to aero engines and a significant ₹1 lakh crore order pipeline, while missile manufacturers like Bharat Electronics (BEL) and Bharat Dynamics (BDL), along with electronics players such as Data Patterns and Astra Microwave, are expected to gain from recent Defence Acquisition Council approvals and rising allocations.”