Skip to main content

Defence Stocks Rally In Trade As India's Defence Production Touches All-Time High

Defence stocks rallied sharply on June 17, with broad-based gains across the sector as India's defence production reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26, marking a significant milestone in the country's push towards self-reliance in defence manufacturing. Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%. Among the public sector defence names, Garden Reach Shipbuilders climbed 3.67%, Hindustan Aeronautics Ltd. (HAL) added 3.51%, and Cochin Shipyard gained 3.39%. Mazagon Dock Shipbuilders rose 2.43%, while Mishra Dhatu Nigam and DCX Systems advanced 2.14% and 1.84%, respectively. Bharat Electronics Ltd. (BEL) gained 1.58%, and IdeaForge Technology rose 1.29%. Bharat Forge was the laggard within the pack, up 0.46%. The record output represents a 15.6% increase compared ...
Post a Comment

Defence Stocks Rally In Trade As India's Defence Production Touches All-Time High

Defence stocks rallied sharply on June 17, with broad-based gains across the sector as India's defence production reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26, marking a significant milestone in the country's push towards self-reliance in defence manufacturing.

Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.

Among the public sector defence names, Garden Reach Shipbuilders climbed 3.67%, Hindustan Aeronautics Ltd. (HAL) added 3.51%, and Cochin Shipyard gained 3.39%. Mazagon Dock Shipbuilders rose 2.43%, while Mishra Dhatu Nigam and DCX Systems advanced 2.14% and 1.84%, respectively. Bharat Electronics Ltd. (BEL) gained 1.58%, and IdeaForge Technology rose 1.29%. Bharat Forge was the laggard within the pack, up 0.46%.

The record output represents a 15.6% increase compared to the previous fiscal year, when defence production stood at Rs 1.54 lakh crore. It also reflects a remarkable 110% growth from FY 2020-21, when production was valued at Rs 84,643 crore. Compared to FY 2013-14, indigenous defence production has increased nearly fourfold from Rs 43,746 crore, said the Ministry of Defence.

Defence Public Sector Undertakings (DPSUs) and other public sector units contributed around 76% of the total defence production, while the private sector accounted for 24%.

The private sector's contribution reached an all-time high of approximately Rs 42,000 crore in FY 2025-26, rising from 22% in the previous fiscal year.



from NDTV News- Special https://ift.tt/aFosYzL
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...
Post a Comment
Read more

BJP MP Varun Gandhi Files Case Against Man For Comments On His Father

BJP leader Varun Gandhi on Saturday filed a defamation case in a local court here against a Varanasi man for allegedly making derogatory remarks on his father on Twitter. The Pilibhit MP on Saturday came to the court premises with three advocates around 3 pm and filed a defamation case before Additional Chief Judicial Magistrate (II) Abhinav Tiwari. The court recorded his statement and fixed April 25 as the next date for hearing, an advocate said. Gandhi in the complaint said that his father Late Sanjay Gandhi was a well known politician of the country and he was respected all over the country and still is today. He told the court that on March 29, 2023, Vivek Pandey, a resident of Bhojubir of Varanasi district, had made indecent remarks against Sanjay Gandhi through his social media Twitter @vivekkumar IND. According to Mr Gandhi, the accused identified himself as the General Secretary of Nationalist Hindu and Kisan Morcha. Mr Gandhi also said that he was informed about the twee...
Post a Comment
Read more

Indian Man's Birthday Surprise To Girlfriend At Times Square Wins Internet

An Indian man has just set the bar a notch higher for all partners, the man surprised his girlfriend by using a special slideshow at New York's Times Square for her birthday. The video has won hearts on the internet. Posted on Instagram by Tales by Lekha, the video shows the couple posing in front of the Times Square billboard. The minute, the woman turned back, she is surprised by pictures of herself on the billboard. The woman watches the slideshow in awe. "When he surprised me at Times Square NYC!!!" read the text insert in the clip. Watch the video here: View this post on Instagram A post shared by Tales_by_Lekha (@tales_by_lekha) Since being posted, the video has amassed more than 1,45,000 likes and several comments. The internet was stunned to see the man's grand gesture. A user commented, "I was waiting for a proposal." Another user wrote, "This guy has raised the standards now!" The third...
Post a Comment
Read more