Defence stocks rally as DAC clears Rs 1.10 lakh crore acquisition proposals

Defence stocks experienced a notable surge on Tuesday following government approval for military acquisitions. These proposals, valued at approximately ₹1.10 lakh crore, will largely benefit domestic manufacturers. The Nifty India Defence index reached a record high, reflecting…

Defence stocks are buzzing after the Defence Acquisition Council approved acquisitions worth over ₹1 lakh crore, lifting the defence index by around 2.5%. But with several stocks already trading at elevated valuations, is there still room for upside? Market Analyst Ambareesh…