ICICI Securities expects private defence firms to post stronger Q2 FY27 growth than most PSUs, led by Zen Technologies, Solar Industries India and Azad Engineering. PSU results could be mixed, with delayed Tejas Mk-1A deliveries weighing on HAL and BDL facing declines.
ICICI Securities expects private defence firms to post stronger Q2 FY27 growth than most PSUs, led by Zen Technologies, Solar Industries India and Azad Engineering. PSU results could be mixed, with delayed Tejas Mk-1A deliveries weighing on HAL and BDL facing declines.
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