Latest Updates Around The World
India’s defense manufacturing sector is witnessing a sharp improvement in visibility over the medium term, driven by a significant acceleration in capital purchase approvals. The Defense Acquisition Council (DAC) approved capital proposals worth about Rs 790 billion during its winter session, taking FY26 approvals so far to nearly Rs 3.3 trillion – almost twice the […]
As preparations for the Union Budget 2026-2027 gather pace, the ongoing work signals a clear policy intent to accelerate domestic demand, revive private investment and generate employment, a budget note from Motilal Oswal Financial Services (MOFSL) said. The brokerage has identified five stocks in the auto, agriculture, defense, financial services and infrastructure themes that it […]
Shares of Bharat Dynamics Ltd (BDL) rose 7.2% to hit an intraday high of Rs 1,628.60 on Friday after announcing robust earnings for the second quarter of 2026 and a major defense order from the Indian government.The state-owned defense manufacturer reported a 76.2% year-on-year increase in profit after tax (PAT) to Rs 216 crore in […]
Goldman Sachs has turned bullish on India’s defense manufacturing sector, naming PTC Industries, Bharat Electronics and Solar Industries among its top picks, after the Defense Acquisition Council (DAC) this week approved proposals worth Rs 790 billion, a move that the brokerage said underlines its belief in an increasing total addressable market (TAM) for domestic defense […]
Defense shares delivered a thunderous RS 43,000 crore-supplier in a single trade session on Friday, so that the Nifty Defense Index to several weeks and debate on Dalal Street overtailed about whether this momentum signals the start of a new rally. The defense sector organized a spectacular rebound, with the handy defense index that rose […]
