Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous year. This growth, driven by policy push and rising global demand, has led to a strong rally in defence companies and the Nifty Defence Index, which is up 23% year-to-date.
Indian defence stocks rallied significantly following a record ₹1.78 lakh crore in defence production for fiscal 2026, marking a 15.6% increase from the previous year. This surge is fueled by government policy and strong global demand, pushing the Nifty Defence Index up 23%…
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