Defence stocks surge ahead of DAC meeting: Midhani, Mazagon Dock, BDL shares jump up to 11%
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Defence stocks surged on December 29 ahead of the Defence Acquisition Council (DAC) meeting. The Nifty India Defence index rose nearly 1%. The DAC, chaired by Defence Minister Rajnath Singh, is expected to approve defence procurement proposals worth around Rs 80,000 crore. Midhani shares jumped 11%, Mazagon Dock 3%, and other defence stocks also saw gains. Paras Defence and Bharat Forge shares saw marginal losses.
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