Defence stocks like Bharat Electronics Ltd., Bharat Forge Ltd., BEML Ltd., and Bharat Dynamics Ltd. are in focus as Defence Acquisition Council greenlights Rs 1.05 lakh crore worth of capital-acquisition proposals, reinforcing self-reliance in defence production.
The approved acquisitions include armoured recovery vehicles, electronic warfare systems, and surface-to-air missiles, benefiting companies like BEML, Bharat Forge, BEL, Bharat Dynamics, Data Patterns (India) Ltd., and Astra Microwave Products Ltd.
The Nifty India Defence Index has witnessed significant gains earlier this year but recently entered a correction phase, with a 0.16% weekly drop and a 0.60% decline in the first days of July.
The latest approvals mark an expansion in the defence ministry's capital expenditure pipeline, following earlier approvals in March 2025, indicating an increased pace and scale of procurement.