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Defence Sector Shares: After approving the purchase of indigenous weapons worth Rs 1.05 lakh crore by the government, the shares of the defense sector remained in the focus today. The Defense Acquisition Council, headed by Defense Minister Rajnath Singh, flagged off 10 military procurement proposals, which will be done under the ‘Buy Indian IDDM’ category. The result of this is that as soon as the market opened, there was a surge in defense stock, which led to a rise of about 2 percent in the Nifty India Defense Index.
The purchase of these things got approval
On the social media platform X, the Ministry said, on July 3, led by Defense Minister Rajnath Singh, the Defense Acquisition Council approved 10 capital acquisition proposals worth about Rs 1.05 lakh crore through indigenous sources. Major approvals include armored recovery vehicle, electronic war system, SAM, integrated inventory system, naval mines, mine counters Major Wessals and Submersible Autonomous Vessals. This will promote mobility, air defense, logistics efficiency and meritime security. ”
Defense stock seen
With this announcement, on July 4, 2025, Paras Defense and Space Technologies shares jumped more than 9 % in early trade. This boom in the company’s shares came not only because of the announcement of DAC, but also because the company did ex-split for its first stock split on 4 July. Stock split was split in the ratio of 1: 2 in the shares of Paras Defense.
Similarly, Garden Reach Shipbuilders and Engineers (GRSE) took a 2.5 percent lead in Intrade Trade and the shares of Majgaon Dock Shipbuilders also rose by 2 percent. Bharat Dynamics Limited (BDL) and Solar Industries also rose more than 1 percent. Bharat Electronics (BEL) shares also led to a bounce of about 1.5 percent.
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