Defence Stocks Rally After ₹79,000 Crore DAC Approvals

Shares of defence firms surged up to 2.7% on October 24 after the Defence Acquisition Council cleared army contracts worth ₹79,000 crore and introduced a simplified Defence Procurement Manual. Major gainers included Bharat Dynamics, BEL, BEML,

GRSE, and Cochin Shipyard, with Bharat Dynamics likely to receive significant new orders.