India approves $22.3 billion defence purchase, shares rise
Briefing by News4U · First published
India’s federal government approved a 2.12 trillion-rupee defence-equipment plan, lifting shares of IdeaForge, Zen, Paras Defence and others.
Sina Finance reported that India’s federal government approved a defence-equipment procurement plan worth 2.12 trillion rupees ($22.3 billion), after which most Indian defence stocks rose in early trading. [1]
Stock moves
- IdeaForge rose as much as 7.1 %; Zen and Paras Defence each gained at least 2.8 %. [1]
- Hindustan Aeronautics +2.4 %, Astra Microwave +3.6 %, Bharat Electronics +2 %, Apollo Micro Systems +7.1 %. [1]
Sources
- 印度国防股走高 政府批准223亿美元采购计划
Sina Finance · · Full text