Hindustan Aeronautics Ltd. is at the fourth spot with a 180% annual return. While the one-month return stands at 20%, this aerospace and defence company’s latest stock price is Rs 3,984.4 and an m-cap of Rs 2.67 lakh crore.

Astra Microwave Products has gained 142% in last one year and 19% in this month. The latest share price stands at Rs 710.5 and the company has an m-cap of Rs 6,746 crore.

Bharat Electronics (135%), Solar Industries India (133%), Mishra Dhatu Nigam (125%), Garden Reach Shipbuilders & Engineers (119%), and Bharat Dynamics (103%) are other top gainers in the defence sector which has doubled the investor’s money in just one year.

The combined total revenue of 15 defence stocks in the nine months period 9MFY24 stands at Rs 47,713 crore and a profit after tax of Rs 8,563 crore. Revenues have grown 8%, while profit rose 27% year-on-year. Hindustan Aeronautics (Rs 3,074 crore), Bharat Electronics (Rs 2,157 crore) and Mazagon Dock Shipbuilders (Rs 1,182 crore) are three most profitable defence companies in FY24 so far.