India, Sept. 24 -- Air power no longer starts when a jet enters enemy airspace. Air forces now rely on stand-off weapons, guided bombs and missiles that can be released from a safe distance and still hit a runway, shelter or radar with precision. That shift has pushed India to build these systems at home instead of importing them, and state-owned makers like Bharat Dynamics sit at the heart of that push.

Shares of Bharat Dynamics Ltd were trading at Rs. 1,174.40, up 1.15 percent from previous close of Rs. 1,161.00. The stock opened at Rs. 1,170.00, reaching an intraday high of Rs. 1,181.50 and low of Rs. 1,168.10. The company currently has a market capitalization of Rs. 43,071 crores.

What's the News? Bharat Dynamics Limited has signed...