HAL, BEL to Zen Technologies: Defence stocks rally on ₹52,000 crore procurement boost; check key beneficiaries

Defence stocks rallied in early trade, with the Nifty India Defence index rising 1.6 percent after the Defence Acquisition Council granted in-principle approval to procurement proposals worth Rs 52,000 crore. Top gainers included Zen Technologies and Paras Defence (up over 5 percent), followed by Bharat Dynamics, BEL, Data Patterns, and Solar Industries India. Analysts including Choice Institutional Equities and Antique Stock Broking remain positive on the sector, citing a structural growth cycle with projects worth Rs 12.5 lakh crore approved in FY24-26.