New Delhi, Oct. 27 -- Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), and Bharat Dynamics Limited (BDL) are among the major domestically focused defence stocks likely to benefit from the Defence Acquisition Council's (DAC) recent approval of projects, said domestic brokerage Motilal Oswal.

In its latest note, the brokerage highlighted that the recent capital acquisition proposals approved by the DAC are expected to benefit both leading defence PSUs and select private players. It added that the sector is poised to gain from a larger total addressable market (TAM) and the finalization of orders over the next few years.

Last week, the DAC approved capital acquisition proposals worth Rs.790 billion for the Indian Army...