Defence stocks will be in focus after the Defence Acquisition Council approved 10 capital acquisition proposals worth Rs 1.05 lakh crore under the ‘Buy (Indian-IDDM)’ category. The proposals include Armoured Recovery Vehicles, Electronic Warfare Systems, Surface-to-Air Missiles, and logistics systems for the Tri-Services. The move aims to boost indigenous defence manufacturing and enhance operational readiness across the Armed Forces.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets