Defence Stocks Rally After ₹1.10 Lakh Crore Procurement Approval Defence stocks were among the standout performers on Tuesday after the Defence Acquisition Council (DAC) gave in-principle approval to defence procurement proposals worth approximately ₹1.10 lakh crore. The proposals are focused heavily on domestic sourcing, with around 98% of procurement value expected to come from Indian industries. Shares of HAL, BEL, Paras Defence, BEML and Astra Microwave gained during the session, with several stocks rising up to around 4%. The announcement reinforces expectations of sustained order flow for India's domestic defence manufacturers. The development is particularly important for companies exposed to aerospace, electronics, missiles, radar systems and military platforms. Investors are now likely to monitor individual order announcements and execution timelines following the government's approval.

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