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InCred cautiously optimistic on defence space; assigns 'add' rating to 4 stocks including HAL, Bharat Electronics

Brokerage firm InCred maintains a cautiously optimistic outlook on the aerospace and defence sector. It has assigned an ‘add’ rating to specific companies within the sector, including Bharat Electronics (BEL), HAL (Hindustan Aeronautics), Data Patterns, and BDL (Bharat Dynamics). ....

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India lagging behind in Defence modernisation, self-reliance strategic necessity: Army chief

India lagging behind in Defence modernisation, self-reliance strategic necessity: Army chief
Citing border tension with China, Army Chief General MM Naravane on Thursday said that 2020 was a unique year with twin challenges of the COVID pandemic and the belligerence on the northern borders.
The events of the past year have brought to the fore the vulnerability of global supply chains, underscoring the need for self-reliance, General Naravane said.
He said self-reliance in Defence has become a strategic necessity and it is imperative for us to invest in building long term indigenous capabilities for application across the entire spectrum of conflict. ....

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