While the Nifty 50 has gained just around 2% so far in FY27, the Nifty India Defence index has surged nearly 22%, significantly outperforming the benchmark. The rally has been broad-based, with most defence stocks delivering returns of over 25%. We take a look at the top 10 performers, which have rallied between 40% and 500%, including five multibagger stocks. (Data Source: ACE Equity)

Sigma Advanced Systems

The stock has surged 513% in FY27 so far, climbing from Rs 148 to Rs 904.

Unimech Aerospace and Manufacturing

The stock has rallied 132% in FY27 so far, rising from Rs 706 to Rs 1,638.

Apollo Micro Systems

The stock has gained 128% in FY27 so far, advancing from Rs 182 to Rs 415.

Paras Defence And Space Technologies

The stock has jumped 119% in FY27 so far, moving from Rs 595 to Rs 1,303.

MTAR Technologies

The stock has climbed 101% in FY27 so far, rising from Rs 3,468 to Rs 6,977.

Astra Microwave Products

The stock has advanced 83% in FY27 so far, increasing from Rs 856 to Rs 1,569.

Aequs

The stock has rallied 75% in FY27 so far, moving up from Rs 121 to Rs 212.

Solar Industries India

The stock has gained 59% in FY27 so far, rising from Rs 12,076 to Rs 19,240.

Centum Electronics

The stock has advanced 45% in FY27 so far, climbing from Rs 2,764 to Rs 4,000.

BEML

The stock has risen 43% in FY27 so far, moving from Rs 1,369 to Rs 1,965.