Defence stocks today, Oct. 27 -- Defence stocks rallied up to 9% on Tuesday after the Defence Acquisition Council (DAC) approved capital procurement proposals worth approximately Rs.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 (...