There may be a stormy surge in defense stocks today, investors keep an eye on these stocks before Rajnath Singh’s meeting.

Defense Stocks Details: Today the market’s focus is on defense stocks. An important meeting of the Defense Acquisition Council is going to be held today under the chairmanship of Defense Minister Rajnath Singh. Many big defense deals are expected to be approved in this meeting. A rise is being seen in defense stocks before this important meeting related to defense procurement.

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The sector index is trading with a gain of about 1.25 percent. BEL is among the top gainers of Nifty. The Defense Acquisition Council meeting will be held today under the chairmanship of Defense Minister Rajnath Singh. In this last meeting of the year, emergency purchase of missiles and other weapons can also be considered.

Aseem Manchanda said that the chiefs of the three armies will be present in this important meeting to be chaired by Defense Minister Rajnath Singh. There is a possibility of approval of many big defense deals in this. Many deals are also expected to be fast-tracked.

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In today’s meeting, approval may be given for the purchase of medium range surface-to-air missiles. A missile with a range of 70 kilometers is also likely to get the green signal.

Apart from this, purchase of Astra MkII air-to-air missile can also be discussed. Astra MkII is a missile with a range of about 200 kilometers. SPICE weapon system is also expected to be approved in this meeting.

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