Defence Stock News: Pune-based defence manufacturer Bharat Forge is expected to receive a major order from Armenia for 80 units of ATAGS (Advanced Towed Artillery Gun Systems), estimated to be worth around Rs 2,000 crore, according to market chatter. This comes on the back of an earlier successful delivery of 12 ATAGS to Armenia, further strengthening…
Defence shares on Dalal Street continued their relentless march on May 19, the seventh straight day of gains as investor confidence remained strong. Leaders such as Mazagon Dock Shipbuilders, Bharat Electronics Limited (BEL), and Bharat Dynamics reached new all-time highs as hopes of higher defence spending by the government and improved quarterly numbers fueled them. Defence index gains 24% in seven sessions The Nifty Defence index jumped almost 3 per cent on Monday to a high of 8,555, marking an extension of its great run that has now yielded a total 24 per cent return since the early weeks of May. Such sudden momentum is a vote of confidence in…