Defence stocks including Bharat Dynamics share price and BEML shares rallied up to 5% after the government approved the capital acquisition of a slew of military hardware worth more than ₹54,000 crore. Bharat Dynamics shares jumped as much as 5.63% to ₹1,317.00 apiece, while BEML stock price rallied 4.83% to ₹2,877.70. The Defence Acquisition Council…
After a three-day decline, shipbuilding stocks are rebounding in today’s intraday trade, with Mazagon Dock Shipbuilding gaining 6%, while Cochin Shipyard and Garden Reach Shipbuilders have seen increases of up to 5%. Recently, defence stocks experienced a sell-off after a sustained period of gains, during which they reached multiple peaks and provided significant returns to…
Defence stocks in India have been witnessing a stellar growth, driven by the government’s strong emphasis on boosting domestic defence manufacturing and achieving self-reliance in the sector. In his Independence Day speech, Prime Minister Narendra Modi reiterated the importance of making India ‘Atmanirbhar’ in defence production, in the path towards ‘Viksit Bharat 2047’ – the…
