Live Breaking News & Updates on Defence Stocks Fall

Shares of defence-related companies declined due to profit booking after the 2024 Interim Budget speech, which raised allocations for the defence sector. The total capital outlay for defence is now Rs 6.2 lakh crore, an increase of 4.4% from the FY24 budget. The government had previously increased the defence budget by 13.8% to Rs 5.94 lakh crore in FY24. Finance Minister Nirmala Sitharaman also announced a new scheme for strengthening deep-tech technologies for defence purposes. ....

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