By Suhel Khan
India has over the last decade been very clear about one thing. It isn’t the same country that is used to be a couple of decades ago. Emerging as not only a financial super power, but also a strong power to reckon with when it comes to national security. If you look at the recent budget, the government has allocated Rs 6.81 lakh crore for the defense sector, the highest ever.
Out of this, Rs 1.80 lakh crore is allocated under Capital Budget of Armed Forces with modernisation as a key focus area and Rs 1.12 lakh crore is earmarked for procurement from domestic industries. It is no doubt that the push for defense will be one of the biggest priorities for the government and thee country.
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At such a time, it is very interesting to look at Defense stocks that the Warren Buffetts or super investors of India have already caught on to. These super investors, known for their knack for spotting winners early, have already placed their bets on some companies, signalling confidence in their long-term prospects considering the massive budgetary infusion. Could these small cap stocks be the next multibaggers in the making?
#1 C2C Advanced Systems Ltd (CASL)
CASL is a vertically integrated defense electronics solutions provider catering to the indigenously developed defense products industry in India.
With a market cap of Rs 1,248 cr, CASL specializes in vertically integrated defense electronics solutions for air, sea, and land defense platforms. The company develops proprietary software-driven systems and sub-systems, leveraging AI/ML, big data analytics, IIOT, and embedded systems.
CASL raised Rs 99 cr through its IPO and was listed in November 2024.
Ace investors Ashish Kacholia and Mukul Agarwal bought a 2.59% and 1.86% stake respectively in the company post listing, as per the exchange filings made by CASL for the quarter ending 2024.
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