DAC proposals

Motilal Oswal has reiterated “buy” recommendations for Bharat Electronics Ltd. (BEL), Hindustan Aeronautics Ltd. (HAL), and Astra Microwave Products Ltd. (AMPL) following recent Defence Acquisition Council (DAC) procurement decisions. The brokerage expects these ₹52,000 crore approvals to increase order inflow visibility and expand the addressable market for domestic defense companies. What are the latest DAC … Read more