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Defence Minister Rajnath Singh on Thursday approved a significant enhancement in the financial powers of the armed forces.&nbsp;The government said the enhanced delegation would facilitate procurement worth more than Rs 1.25 lakh crore through the revenue route based on the current year's budgetary allocations.

Rs 1.25 Lakh Crore Defence Boost! Rajnath Singh enhances financial powers

Defence stocks remained in focus on Friday after the Defence Acquisition Council cleared capital acquisition proposals worth Rs 3.60 lakh crore to enhance the combat readiness of the armed forces, while global brokerages shared their views on key companies in the sector.

Defence stocks to buy: Rs 3.60 lakh crore push lifts outlook - HAL, Bharat Forge seen with up to 40% upside

Defence Stocks Today:&nbsp;The Defence Acquisition Council (DAC) is likely to meet on December 26 to take key decisions related to India’s defence preparedness, according to Zee Business sources.

Why are Paras Defence, BEML, Mazagon Dock, BDL, BEL, and other defence stocks rising today?

According to Motilal Oswal (MOFSL), companies like HAL, BHEL, and Bharat Dynamics are among the top picks. The brokerage sees up to 37 per cent&nbsp;upside for select defence stocks, driven by increased budget allocations, ongoing procurement programs, and strong prospects across aircraft, missiles, electronics, and shipbuilding platforms.

Defence Stocks: HAL, BEL and more — Motilal Oswal sees up to 37% upside in these shares

Mazagon Dock Shipbuilders, the country’s leading defence PSU known for building submarines, has shown strong improvement in profit and margins. The stock is trading 28 per cent below its peak, while the brokerage expects up to 40 per cent upside from current levels.

Defence Stock to Buy: Brokerage turns super bullish on multibagger PSU stock that builds submarines, sees 40% upside

According to Khemka, the government's focus will remain on the defense sector and the allocation can be increased. In such a situation, he has chosen Bharat Electronics as #BudgetMyPick.

Stock to buy before Budget 2024: Analyst suggests buying this multi-bagger defence PSU stock; know target price

defence-stock-to-buy-today

Defence Minister Rajnath Singh on Thursday approved a significant enhancement in the financial powers of the armed forces. The government said the enhanced delegation would facilitate procurement worth more than Rs 1.25 lakh crore through the revenue route based on the current year's budgetary allocations.

Defence stocks remained in focus on Friday after the Defence Acquisition Council cleared capital acquisition proposals worth Rs 3.60 lakh crore to enhance the combat readiness of the armed forces, while global brokerages shared their views on key companies in the sector.

Defence Stocks Today: The Defence Acquisition Council (DAC) is likely to meet on December 26 to take key decisions related to India’s defence preparedness, according to Zee Business sources.

According to Motilal Oswal (MOFSL), companies like HAL, BHEL, and Bharat Dynamics are among the top picks. The brokerage sees up to 37 per cent upside for select defence stocks, driven by increased budget allocations, ongoing procurement programs, and strong prospects across aircraft, missiles, electronics, and shipbuilding platforms.

Mazagon Dock Shipbuilders, the country’s leading defence PSU known for building submarines, has shown strong improvement in profit and margins. The stock is trading 28 per cent below its peak, while the brokerage expects up to 40 per cent upside from current levels.

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Defence Stock To Buy Today

Rs 1.25 Lakh Crore Defence Boost! Rajnath Singh enhances financial powers

Defence stocks to buy: Rs 3.60 lakh crore push lifts outlook - HAL, Bharat Forge seen with up to 40% upside

Why are Paras Defence, BEML, Mazagon Dock, BDL, BEL, and other defence stocks rising today?

Defence Stocks: HAL, BEL and more — Motilal Oswal sees up to 37% upside in these shares

Defence Stock to Buy: Brokerage turns super bullish on multibagger PSU stock that builds submarines, sees 40% upside

Stock to buy before Budget 2024: Analyst suggests buying this multi-bagger defence PSU stock; know target price

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