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News for India > Business > Bharat Dynamics, HAL, BEML to Cochin Shipyard: Defence stocks surge on govt’s ₹1.05 lakh crore procurement drive | Stock Market News
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Bharat Dynamics, HAL, BEML to Cochin Shipyard: Defence stocks surge on govt’s ₹1.05 lakh crore procurement drive | Stock Market News

Last updated: July 4, 2025 9:41 am
1 month ago
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Defence stocks such as Paras Defence, BEML, Hindustan Aeronautics, Bharat Electronics, and others rallied on Friday after the government approved acquisition of ₹1.05 lakh crore worth of new defence equipment. The gains in defence stocks lifted the Nifty Defence India index by 1.4%.

Paras Defence and Space Technologies emerged as the top gainer among index constituents, surging 8%. Other gainers included Mishra Dhatu Nigam, Astra Microwave Products, BEML, Unimech Aerospace and Manufacturing, Cochin Shipyard, Bharat Dynamics, Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders and BEL, all of which rose between 1-2% each.

The Ministry of Defence’s Defence Acquisition Council (DAC) on Thursday cleared capital acquisition proposals worth nearly ₹1.05 lakh crore. The 10 capital acquisition proposals are set to be carried out through indigenous sourcing from Indian companies.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.



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