Sector: Defence / Industrial Manufacturing

Bharat Forge Latest update (31-Dec-2025):

signed a ₹1,661.9 crore contract to supply 255,128 CQB carbines to the Indian Army — shares hit a 52-week high on the news. What it means: Large defence orders boost revenue visibility for the next several years; defence plays are aligned with ‘Atmanirbhar Bharat’ procurement push. Practical takeaway: Defence contracts often come with long execution periods — check margins, domestic content and order terms before assigning high conviction.