DEFENSE STOCKS IN FOCUS AFTER GOVERNMENT APPROVES NEW DPM 2025 WORTH Rs 1-LAKH CRORE

Defence stocks have recently rallied up to 5% following the approval of the new Defence Procurement Manual (DPM) 2025 by the defense ministry. The new Defence Procurement Manual (DPM) 2025 is aimed at speeding up the procurement process for the Armed Forces. This manual lays down the guiding principles and provisions for all procurements in the Defence Ministry, valued at approximately Rs 1 lakh crore for the current fiscal year. Moreover, this new framework will the procurement of defence equipment and services easier, faster, and more efficient, while making sure the process meets the needs of modern military challenges. Some of the defense stocks that will benefit out of this are -

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