Shares of defence companies such as Bharat Electronics Ltd (BEL) and Bharat Dynamics Ltd (BDL) rose significantly on 24 October after the Defence Acquisition Council approved procurement proposals worth around ₹79,000 crore. Orders include missiles, naval ships and other weapon-systems tied to the government’s “Atmanirbhar Bharat” push in defence. Market watchers noted that the approval enhances order-book visibility for these stocks and may trigger renewed interest in the sector. Analysts expect the pick-up in defence manufacturing to draw further institutional flows into the thematic space.