03 Oct 2025 | 5 Mins Read
Goldman Sachs initiates coverage on several Indian defence stocks
Flipitmoney
Goldman Sachs initiates coverage on eight Indian defence companies, citing a robust growth outlook driven by increased domestic spending and exports. It identifies three core themes: domestic defence market growth, indigenisation, and exports. The brokerage firm predicts upside potential of up to 58% for select companies: Solar Industries (36%), PTC Industries (58%), and Data Patterns (38%).