INSUBCONTINENT EXCLUSIVE:
Defence stocks will be in focus on Friday after the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved
promoting indigenously designed, developed, and manufactured systems to boost domestic defence production.According to the Ministry of
Defence (MoD), the approvals include the procurement of Armoured Recovery Vehicles, Electronic Warfare Systems, Integrated Common Inventory
Management Systems for the Tri-Services, and Surface-to-Air Missiles
These acquisitions aim to enhance mobility, strengthen air defence capabilities, and improve logistical efficiency for the Armed Forces.Also
Read: Suzlon, Adani Ports among 10 stocks that earned upgrades in last 1 month
Check revised target priceThe DAC has also approved the procurement of Moored Mines, Mine Counter Measure Vessels, Super Rapid Gun Mounts,
and Submersible Autonomous Vessels for the Navy
These systems are expected to enhance maritime safety by mitigating threats to naval and merchant vessels.
Live EventsThe ministry stated
involvement of Indian vendors and promoting development within the domestic defence ecosystem.Also Read: 10 Nifty smallcaps with up to 29
buy calls; analysts see up to 26% upside(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of The Indian Subcontinent)
