Asia / Pacific
“Mazagon Dock, BDL, and Other Defence Stocks Jump Up to 11% as Investors Eye FDI Policy Boost”
• Defense stocks like Mazagon Dock, BDL, and other defence stocks have seen a sharp rebound on Wednesday due to investors’ interest in a FDI policy boost in the defence sector.
• The defence industry in India is at the “cusp of a massive expansion,” as stated by Defence Secretary Rajesh Kumar Singh.
• The increase in defence stocks is attributed to investors’ anticipation of a FDI policy boost in the defence sector.
• The sector is expected to see significant growth in the coming years.
