Branch2 Intelligence
Defence Rally On Cards? BEML, Bharat Dynamics, Apollo Micro In Focus After Rs 52,000 Crore DAC Nod
Key takeaway
India's DAC approved ₹52,000 crore in defence procurement, boosting domestic manufacturers.
- Step 11st-order: DAC approves ₹52,000 crore defence procurement, prioritizing domestic manufacturers.
- Step 22nd-order: BEML, Bharat Dynamics, and Apollo Micro Systems receive orders for platforms, missiles, and electronics.
- Step 33rd-order: Supply-chain companies like L&T and Cochin Shipyard gain from subcontracts and component orders.
- Step 44th-order: Sustained order book growth improves earnings visibility and re-rating for defence stocks.
Source: IN:NDTV Profit
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