Q4 Results Preview: ICICI Securities sees stable quarter for defence companies, except Bharat Dynamics

In the last week of March 2023, the Ministry of Defence (MoD) placed orders worth  <span class='webrupee'>₹</span>442.4 billion, benefiting public sector undertakings (PSUs) such as Bharat Electronics, Bharat Dynamics, Garden Reach Shipbuilders &amp; Engineers, Cochin Shipyard, and Goa Shipyard.

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Q4 Results Preview: ICICI Securities sees stable quarter for defence companies, except Bharat Dynamics