Top 5 Listed Defense shares to Invest in India 

1.    Bharat Dynamics Ltd.

        Bharat Dynamics (BDL), is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments .

2.    Paras Defence and Space Technologies Ltd.

        Paras Defence and Space Technologies Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 2,387.58 Crore) operating in Defence sector.

        Paras Defence and Space Technologies Ltd. key Products/Revenue Segments include Engineering Goods and Job Work for the year ending 31-Mar-2021.

3.    Hindustan Aeronautics Ltd.

        Hindustan Aeronautics is engaged in the business of Manufacture of Aircraft and Helicopters and Repair, Maintenance of Aircraft and Helicopters.

4.    Bharat Electronics Ltd.

        BEL was established in 1954 in association with CSF, France (now, Thales), to meet the specialized electronic equipment requirements of the Indian Defence Services. BEL is an Indian state-owned aerospace and defence company with about nine factories, and several regional offices in India. [1]High R&D [1] BEL spends 7.5% of turnover on R&D, one of the highest amongst defence PSUs. 79% of turnover from indigenous products. 82% of turnover from defence. 160 applications filed for IPRs

5.    BEML Ltd.

        BEML Ltd manufactures a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces and coaches for the metro and Indian Railways. Mining & Construction Segment (~49% of revenues). The company is a leading mining & construction equipment manufacturer in India and offers a comprehensive and diverse range of mining machinery for both opencast and underground mines. Its portfolio includes hydraulic excavators, bulldozers, Wheel loaders, wheel dozers, dump trucks, motor graders, tyre handlers, etc.