Defence stock has an order book worth Rs 94,000 crore, and the company expects the outstanding order book to be around Rs 1,20,000 crore by March 31, 2025

According to the quarterly results, the net sales increased by 8.06 per cent to Rs 3,915 crore and net profit increased by 34.10 per cent to Rs 814 crore in Q1FY24 compared to Q1FY23. The net sales increased by 9.37 per cent to Rs 26,927 crore and the net profit increased by 14.25 per cent to Rs 5,828 crore in FY23 compared to FY22.  

The company has maintained an impressive return on equity (ROE) track record, with a consistent 26.7 per cent ROE over the past 3 years.

Additionally included is a table outlining the spectacular returns these BSE 500 constituents have generated!

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.