Bharat Dynamics shares jumped 5.6% after reports said the government plans to raise defence R&D spending to Rs 40,000 crore next year and double it over five years, allowing private players to compete with PSUs. Separately, a Rs 2,000–3,000 crore missile order for BDL is in the works. The company is also expanding output amid rising demand.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets