Six defence stocks turn multibaggers in H1 FY27, rally up to 600%

The Nifty India Defence index gained 25% in the first half of FY27 despite volatility in the broader market. Within the sector, ten defence stocks recorded gains ranging from 50% to 600%, according to ACE Equity data.

Six stocks emerged as multibaggers—more than doubling investor wealth over the six-month period. The top performers included Sigma Advanced Systems, Unimech Aerospace, and MTAR Technologies.

The strong rally in defence stocks reflects growing investor interest in India's defence manufacturing sector, which has been a policy focus amid efforts to boost domestic production and reduce import dependence.