New Delhi, Aug. 18 -- Defence stocks came under investors' radar today, August 18, with names like Data Patterns, Zen Technologies, Bharat Dynamics, Garden Reach Shipbuilders, DCX Systems, ideaForge Technology, and Mazagon Dock Shipbuilders rising between 1% and 4% following the government's strong push to manufacture critical military equipment locally in a bid to further reduce dependence on foreign technologies.
Prime Minister Narendra Modi, in his Independence Day address, announced 'Mission Sudarshan Chakra' and renewed his call for homegrown jet engines. The announcement of indigenous air-defence system came just days after Pakistan Army chief Field Marshal Asim Munir reportedly hinted at targeting Indian assets along the border.
...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.