Indian defence sector stocks surged sharply last week, gaining up to 28%, as the government’s strong focus on the sector remains unwavering. These stocks are likely to continue their upward streak as, upon resuming charge as defence minister, Rajnath Singh set a target to generate military exports worth Rs 50,000 crore annually and vowed to fast-track initiatives under ‘Make in India’ for defence production.Here’s the list of defence stock rallied up to 28% last week:
UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals
UBS sold holdings in Concord Biotech, Five Star Business Finance, IIFL Securities, and Marksans Pharma through block deals, totaling Rs 480 crore. The largest sale