Defense stocks: Defense Acquisition Council (DAC) approved a capital acquisition proposal of about ₹ 1.05 lakh crore and became a defense stocks rocket. Due to the rise of defense shares, the Nifty India Defense Index jumped around 1.7% to close to 9006. The DAC, led by Union Defense Minister Rajnath Singh, approved 10 Capital Acquisition Proposals worth around ₹ 1.05 lakh crore on 3 July. All the proposals that have been approved are all indigenously designed and developed and made under the purchases made. This approval set the defense shares on fire and became rockets.
Will the government buy?
The DAC meeting led by Union Defense Minister Rajnath Singh approved the proposals of important defense purchases including armored recovery vehicles, electronic warfare systems, SAM, integrated inventory systems, naval mines, mine counter Major Wesels and Submersible Autonomous Vessals. The Ministry of Defense has stated on X (East Name (Twitter) that it will promote mobility, air defense, logistics efficiency and meritime security.
The defense acquisition council, chaired by raksha mantri shri @rajnathsingh On July 3, Approved 10 Capital Acquisition Proposals Worth Approx. Rs 1.05 Lakh Crore through indigenous sources. Key Approvals Include Armoured Recovery Vehicles, Electronic Warfare Systems, Sams,…
– Ministry of Defense, Government of India (@SPOKESPERSONMOD) July 3, 2025
Stockwaise is the situation
The government emphasized the med-in-India weapons and approved 10 proposals of about ₹ 1.05 lakh crore and became a defense stocks rocket. Paras Defense shares the biggest faster on Nifty India Defense and it rose to ₹ 923 to ₹ 923. In addition to Paras Defense, the rest of the defense stocks spoke about 3-3% shares of Garden Reach Shipbuilders and Engineers (GRSE) and Zen Technologies.
Apart from this, the shares of Cochin Shipyard and the shares of weapon microwave products jumped more than two and a half percent. Shares of Mazagon Dock Shipbuilders and Bharat Dynamics also jumped more than 2-2%. Shares of BEML and Data Pattern also jumped around 2%. Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (Bharat Electronics LTD-BEL), Siant DLM and Solar Industries rose more than 1-1%.
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