Defence stocks in focus after ₹79,000 crore procurement nod, led by BEL & BDL

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.