Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing India’s dependence on defence imports.
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing India’s dependence on defence imports.
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The shares of defence companies surged sharply by up to 10% on Tuesday after the Defence Ministry launched the sixth indigenisation list containing 405 items that will only be sourced from Indian suppliers.Paras Defence shares rallied 10% to hit the upper circuit, jumping to a fresh 52-week high of Rs 1,527.30 apiece. Zen Technologies shares soared over 7%, while those of Dynamatic Technologies, Aequs, Data Patterns and Garden Reach Shipbuilders & Engineers (GRSE) jumped 3-5%.BEML, AstraMic…
