India, Oct. 30 -- Artillery shells are consumables. Once fired, they have to be replaced, and years of conflict in Europe have drained stockpiles across NATO countries. India has responded by opening ammunition manufacturing to private companies. Steel and forging businesses are natural fits, since a shell body is essentially precision-forged, machined steel, and buyers care as much about certification and delivery discipline as they do about price.

The Nifty 50 was trading at 23,097.65, up 0.70%. Meanwhile, Sensex also rose 0.71% to 74,676.04 on Friday. Meanwhile, Shares of Goodluck India Ltd. were trading at Rs. 498.35, down 2.00 percent from previous close of Rs. 508.50. The stock opened at Rs. 512.95 and reached an intraday high of ...