Defence stocks today: Defence stocks rallied up to 9% on Tuesday after the Defence Acquisition Council (DAC) approved capital procurement proposals worth approximately ₹2.12 lakh crore, strengthening the sector's order pipeline and reinforcing expectations of sustained military modernisation spending.
With around 82% of the approved procurements earmarked for Indian industry, the clearances also highlighted the government's continued push towards domestic defence manufacturing.
Apollo Micro Systems led the gains, rising 8.7%, followed by Data Patterns at 8.1%, Paras Defence at 7.3% and Astra Micro Systems at 5.9%. MTAR Technologies hit its 5% upper price band, while Midhani, Hindustan Aeronautics (HAL), Bharat Electronics (BEL), BEML and Mazagon Dock Shipbuilders advanced 3-4%.
Aequs was the exception, declining 19% after reporting a wider net loss of ₹52.2 crore in Q2 FY27, compared with ₹20.6 crore a year earlier, despite 45% year-on-year revenue growth.
The DAC granted Acceptance of Necessity (AoN) for a broad range of military equipment covering mobility, surveillance, air defence, precision strikes and counter-drone warfare.