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The Economic Times

Veer Sharma

Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy

HAL DAC BEL Bharat Electronics Data Patterns ideaForge Motilal Oswal Paras Defence Zen Technologies Astra Microwave

Shares of defence companies, including Zen Technologies, ideaForge, Paras Defence, Data Patterns, Bharat Electronics (BEL) and Hindustan Aeronautics (HAL) rallied up to 6% on Monday after the Defence Acquisition Council (DAC) approved procurement proposals worth about Rs 52,000 crore.

The approvals cover a wide range of acquisitions aimed at strengthening the capabilities of the Army, Navy and Air Force in areas such as air defence, anti-drone systems, surveillance and unmanned warfare.

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