New Delhi, March 25 -- India's defence majors such as Ideaforge Technology Ltd and Hindustan Aeronautics Ltd took a beating at the bourses during the recent market sell-off. But under US President Donald Trump's watch, these stocks hold potential for a strong comeback.

India-US relations have steadily strengthened over the past two decades driven by growing defence cooperation and the US in 2016 designating India as a major defence partner.

During Trump's first presidency, India was elevated to Strategic Trade Authorization tier 1 status in 2018, which allowed New Delhi license-free access to a wide range of US military and dual-use technologies.

Several key defence agreements, including the Communications Compatibility and Security Ag...