India issues orders worth $138 billion in defense sector; HAL, BEL shares on top: Nomura

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From the present time, shares of HAL and BEL have started rising by 28 percent and 32 percent respectively in India’s stock research and broking houses.

Photograph: Abhishek N Chinnappa/Reuters

Photograph: Abhishek N Chinnappa/Reuters

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India’s Defense Ministry is set to place orders worth $138 billion between fiscal years FY24 and FY32, a new report from Nomura says.Due to which the shares of two defense-related companies – Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) will remain on the rise.

 

From the present time, shares of HAL and BEL have started rising by 28 percent and 32 percent respectively in India’s stock research and broking houses.

 

The report by Nomura said the Indian government’s focus on indigenous manufacturing through increased defense budget, modernization efforts and groundbreaking initiatives like “Make in India” have spooked world markets.

 

 

Kumud Sharma

Kumud Sharma is the First Well-Known Female Journalist of the Journalism World of Himachal Pradesh. I am the Founder, Editor in Chief, Managing Director, Promoter of Diary Times. As a Female Journalist, With My Experience of More Than Nine Years, I Tell You Every News of Himachal Pradesh From The Ground Level With Absolutely Accurate and Correct Information, Be it the Politics of Himachal Pradesh or the Ground Reality, My Perspective On Every News Will Give You Assurance. I Assure You That Every News of Mine Will Comply With the Expertise and Fact Checking Policy.

 

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