The shares of defence companies surged sharply by up to 10% on Tuesday after the Defence Ministry launched the sixth indigenisation list containing 405 items that will only be sourced from Indian suppliers.
Paras Defence shares rallied 10% to hit the upper circuit, jumping to a fresh 52-week high of Rs 1,527.30 apiece. Zen Technologies shares soared over 7%, while those of Dynamatic Technologies, Aequs, Data Patterns and Garden Reach Shipbuilders & Engineers (GRSE) jumped 3-5%.
