BusinessPhoto: Mint MarketsDefence Stocks Rise Up to 9% After DAC Approves ₹2.12 Lakh Crore Proposals
Defence stocks, including Apollo Micro, Paras Defence, BEL, and HAL, surged up to 9% following the Defence Acquisition Council's approval of procurement proposals worth ₹2.12 lakh crore. About 82% of the contracts are designated for Indian industry. Brokerages anticipate a stronger medium-term order pipeline, though actual execution depends on these approvals converting into contracts.
Mint Markets·




