HAL, BDL, Data Patterns rally up to 5%; why defence stocks in focus today?

Defence stocks, including HAL and BDL, surged up to 5% on the NSE due to positive corporate developments. HAL's new Nashik facility will produce the first LCA Tejas Mark IA fighter aircraft, enhancing production capacity. The defence budget is set at ₹6.81 trillion for FY2025-26, with a focus on capital expenditure and increasing defence production. Apollo Micro Systems has secured orders worth ₹39.27 crore and aims to expand its indigenous manufacturing capabilities. The long-term goal includes a defence production target of ₹8.8 trillion by 2047, establishing India as a leader in defence manufacturing.