Defence Stocks Rally 2%: HAL, BEL & 2 More Stocks In Focus After ₹2.12 Lakh Cr Push

India’s ₹2.12 lakh crore defence procurement push has put defence stocks in the spotlight, with the Nifty India Defence Index rising around 2% in trade. The Defence Acquisition Council has approved proposals for the Indian Army, Navy and Air Force, covering helicopters, artillery guns, anti-drone systems, surveillance equipment and naval platforms. With around 82% of the proposed procurement expected to come from Indian industry, companies such as HAL, Bharat Electronics (BEL), Mazagon Dock Shipbuilders and BEML are in focus. Goldman Sachs has identified these companies as potential beneficiaries, while Macquarie has an Outperform rating on BEL with a target price of ₹550. What could this mean for defence stocks? Watch the key developments, brokerage views and next triggers for investors. This is news, not investment advice.