Defence stocks will be in focus in  Friday’s session (July 4, 2025) after the Defence Acquisition Council (DAC), under the chairmanship of Raksha Mantri Shri Rajnath Singh on July 03, 2025, accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to around Rs 1.05 lakh crore through indigenous sourcing.

The said AoNs were accorded for procurement of Armoured Recovery Vehicles, Electronic Warfare System, Integrated Common Inventory Management System for the Tri-Services and Surface-to-Air Missiles. These procurements will provide higher mobility, effective air defence, better supply chain management and augment the operational preparedness of the Armed Forces, said the Ministry of Defence release.

AoNs were also accorded for procurement of Moored Mines, Mine Counter Measure Vessels, Super Rapid Gun Mount and Submersible Autonomous Vessels. These procurements will enable mitigation of potential risks posed to the Naval and Merchant Vessels.

To provide further push to indigenous design and development, AoNs were accorded under the Buy (Indian-Indigenously Designed, Developed and Manufactured) category.

Defence stocks to gain traction

After a recent traction, defence stocks will again gain momentum as in the next 15 days – major decisions pertaining to the Indian Army and Navy will be taken.