Defence Stocks Surge as DAC Approves ₹54,000 Crore Proposals

Shares of leading domestic defence suppliers surged on March 21 after the Defence Acquisition Council (DAC) approved eight capital acquisition proposals worth over ₹54,000 crore. Nifty India Defence index rose over 1% in early trade. Key gainers included DCX Systems (+6%), Apollo Micro Systems (+4%), and

Bharat Dynamics (+3%), amid optimism over procurement plans.