British defence stocks have risen to a record high as tensions in the Middle East and the war in Ukraine continue to stoke global demand for military hardware.
Since delivering the first Babur-class corvette last September, ASFAT has targeted future growth in the Indo-Pacific market by engaging in a new project with Pakistan for future frigates.
Promoters held 51.14 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 17.18 per cent and 18.85 per cent, respectively.