Defence stocks fire up to 10% on govt move

Benchmarks Nifty24,154.90-132.75FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return23.3 % Invest NowEnter search text:HomeETPrimeMarketsMarket DataNewsIndustrySMEPoliticsWealthMFTechAICareersOpinionNRIPanacheThe Economic Times daily newspaper is available online now. Read Today's Paper Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation listSECTIONSDefence stocks fire up! Paras Defence, GRSE, other stocks jump up to…

FinanceNews Info Wire2 min read
Defence stocks fire up to 10% on govt move
Benchmarks
Nifty24,154.90-132.75
FEATURED FUNDS

★★★★★
Motilal Oswal Midcap Fund Direct-Growth
5Y Return
23.3 %
Invest Now
Enter search text:

Home
ETPrime
Markets
Market Data
News
Industry
SME
Politics
Wealth
MF
Tech
AI
Careers
Opinion
NRI
Panache
The Economic Times daily newspaper is available online now.
Read Today’s Paper

Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list

SECTIONS
Defence stocks fire up! Paras Defence, GRSE, other stocks jump up to 10% as govt notifies 6th indigenisation list
Debaroti Adhikary

Follow us
Font Size

AbcSmall
AbcMedium
AbcLarge
Save
Print
Synopsis

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.

Listen to this article in summarized format

Loading…
×
Subscribe to

Unlock AI Briefing and Premium Content

New Year Offer 24 Hours Left

What’s Included

ETMarkets.com

India’s latest defence indigenisation push lifted sector stocks as 405 items were reserved for domestic suppliers, creating fresh opportunities for Indian defence manufacturers/AI Image

The shares of defence companies surged sharply by up to 10% on Tuesday after the Defence Ministry rolled out 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. While those of Dynamatic Technologies, Aequs, Data Patterns and Garden Reach Shipbuilders & Engineers (GRSE) jumped 3-5%.

, zen Technologies shares soared over 7%.

Live Events

Add Now!
paras defencedefence stocksPositive Indigenisation ListDefence Ministrydefence indigenisationAatmanirbhar BharatIndian defence manufacturingParas DefenceZen Technologiesdefence sector stocks

(What’s moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Top Trending Stocks: SBI Share Price, Axis Bank Share Rate, HDFC Bank Share Price, Infosys Share Rate, Wipro Share Price, NTPC Share Rate

(You can now subscribe to our ETMarkets WhatsApp channel)
Paras defencedefence stocksPositive Indigenisation ListDefence Ministrydefence indigenisationAatmanirbhar BharatIndian defence manufacturingParas DefenceZen Technologiesdefence sector stocks

Power shift, a déjà vu: Air India could be new CEO’s toughest flight yet

The Nifty doesn’t predict India. It records it

ET Prime special series: Bigger or Better? Bharat Electronics’ 2013 to 2026 journey – Part 2

Will Uncle Sam’s 100% tariff threat stop India’s Russian oil imports?

ET Prime special series: Bigger or Better? Bharat Electronics’ 2013 to 2026 journey – Part 1

View all Stories
Enter search text:
BrowseCompanies:
ABCDEFGHIJKLMNOPQRSTUVWXYZ
123456789

Related stories

Finance1 min read

Rupee Trashes Pound and Euro

The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 221st consecutive day on Tuesday. The… Read More The post…

Leave a Reply

Your email address will not be published. Required fields are marked *