Page 25 - Bharat Electronics News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Private sector companies in India have played a significant role in the country's defence production, contributing Rs 16,411 crore in fiscal year 2023-24, marking the highest share since 2016-17. Despite a decrease from the previous year, this contribution accounted for 22 per cent of the total defence production of Rs 74,739 crore. The government's push for local defence production, record high defence exports, and investments in defence corridors in Uttar Pradesh and Tamil Nadu aim to boost domestic manufacturing and reduce reliance on imports.

A noteworthy aspect of 'Akashteer' is its emphasis on mobility and resilience, a source said.

A total of 2,963,173 shares changed hands on the counter till time (IST).

In FY24, six defence-related stocks delivered multibagger returns, whereas in FY23, two stocks achieved gains exceeding 100%.

IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.