Indian defense stocks witnessed a major rally during early trade on Monday following a massive infrastructure push by the central government. Investor sentiment surged after the Defence Acquisition Council (DAC) granted Acceptance of Necessity (AoN) for capital procurement proposals worth approximately ₹52,000 crore. The approvals are aimed at modernizing and bolstering the combat capabilities of the Indian Army, Navy, and Air Force.
Weekly gains exceed 4% for benchmark indices; defence stocks like Cochin Shipyard and Mazagon Dock continue their rally on strong Q4 performance.
May 16, 2025:...
