Hunting for next defence stock winners? Raymond, PTC, Axiscades, Rossell - Experts decode opportunity, share targets
Mint · Sharmila Bhadoria ·
Private-sector firms are expanding India’s indigenous aerospace and defence capabilities. Raymond, PTC Industries, Rossell Techsys and Axiscades have varied growth prospects, but analysts flag execution, valuation and order-visibility risks.
India's defence sector is no longer about established, government-backed companies as emerging private sector players are also taking the lead. Many private defence players are also contributing in building the country's indigenous defence capabilities.
Raymond, PTC Industries, Rossel Techsys, and Axiscades are some of the key small aerospace and defence companies with promising growth prospects. Experts decode their outlook and technical targets.
Raymond Limited recently got approval from board to be renamed as Raymond Aerospace, Defence & Engineering Limited (subject to further regulatory approvals). Its order book supports a long runway, but it is not a one-year executable backlog, and RFQs are not firm orders, highlighted Vinit Bolinjkar, Head of Research, Ventura.