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…

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

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

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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.

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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%.

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

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Paras defencedefence stocksPositive Indigenisation ListDefence Ministrydefence indigenisationAatmanirbhar BharatIndian defence manufacturingParas DefenceZen Technologiesdefence sector stocks

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