I would argue that India has to still spend at a lot more in terms of defence acquisitions and one of the places where they have done a fairly good job of indigenisation is actually on the naval vessels and coastguard vessels, etc.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20