New Delhi, June 18 -- Shares of Bharat Electronics remained higher for the second consecutive day on Thursday, June 18, surging 6% to hit a three-week high of Rs.430 apiece. Today's rally built on a 3 % jump in the previous session, taking the stock's cumulative gain over the last two days to 7%.

Defence stocks have been buzzing lately after the government announced that India's annual defence production reached a record Rs.1.78 lakh crore in FY26, marking a 15.4% increase from the previous fiscal year. Notably, defence production had crossed the Rs.1.5 lakh crore mark for the first time in FY25, reaching Rs.1.54 lakh crore.

According to the Ministry of Defence, Defence Public Sector Undertakings (DPSUs) and other public-sector entities...