Defense stocks soar up to 11% after India's 15-year roadmap unveiled
The Indian Ministry of Defence has unveiled a comprehensive 15-year defense roadmap, significantly boosting investor confidence and propelling defense stocks by up to 11%. This multi-billion dollar acquisition strategy focuses on advanced technologies, including nuclear propulsion for naval vessels, next-generation tanks, and stealth UCAVs. The Indian Army is set to procure anti-tank guided missiles and robotic counter-IED systems, while the Navy will enhance its operational capabilities with new aircraft carriers and EMALS. Key defense companies like HAL and Bharat Electronics have seen stock surges, reflecting strong market optimism tied to India’s commitment to self-reliance and modernization in defense capabilities.