Huge defence procurement: Stocks that stand to benefit; check vital statistics

Defense procurement proposals worth Rs 2.38 lakh crore were approved in March 2026, followed by nods to further packages worth about 52,000 crore and Rs 100,000 crore. Bharat Electronics, Bharat Dynamics, and Apollo Micro Systems stocks are in focus due to India's rising defense spending and missile manufacturing initiatives.

Kolkata: Defense stocks are in focus following big defence expenditure by the Narendra Modi government. India is moving rapidly to strengthen its missile and air defense systems. In March 2026, the Defense Acquisition Council approved defense procurement proposals worth Rs 2.38 lakh crore. A few months later, another package worth approximately Rs 52,000 crore was approved, covering Medium Range Surface-to-Air Missiles (MRSAM), Very Short Range Air Defense Systems (VSHORADS) and Man-Portable Anti-Tank Guided Missile (MPATGM) systems. This has significantly expanded opportunities for Indian companies engaged in missile manufacturing and associated electronics and sub-system sectors. Bharat Electronics, Bharat Dynamics and Apollo Micro Systems particularly stand to gain. These companies offer strong business prospects, valuations and........

© News9Live