Two stocks from the same sector turning into multibaggers in a year is uncommon. But in India’s booming defence space, MTAR Technologies and Apollo Micro Systems have managed to do exactly that. The rally has been nothing short of spectacular. MTAR Tech has surged a staggering 395% over the last one year, while Apollo Micro Systems has climbed nearly 185% during the same period, rewarding investors handsomely.
The Nifty India Defence index is among the only five sectoral indices to have scaled a fresh 52-week high since the Iran war began, and both companies have played a key role in driving that outperformance. Analysts say defence stocks are no longer merely short-term geopolitical trades. Instead, markets are increasingly beginning to price in a deeper and longer structural transformation underway in India’s defence manufacturing ecosystem. So, which stock should you pick?
