On a High! Defence-Linked Stocks Fire on All Cylinders After Nod to New DPP. NEW DELHI: Defence stocks hogged limelight on Tuesday after a committee headed by Defence Minister Manohar Parrikar cleared the new defence procurement procedure (DPP), which is set to give a fillip to 'made in India' defence products and facilitate fast-tracked acquisitions. Shares of Walchandnagar Industries jumped 11.03 per cent to Rs 158 on BSE. Reliance Defence and Engineering soared 5.82 per cent to hit a high of Rs 69.90. Astra Microvave Products surged 5.48 per cent to Rs 113.55. Titagarh Wagons jumped 5 per cent, while BEML was trading 4.04 per cent higher at Rs 1,111.50. Bharat Electronics rose over 2 per cent, before retreating a bit. The stock was trading 0.56 per cent higher at Rs 1,184.50. Among others, M&M, Ashok LeylandBSE 2.42 %, Tata MotorsBSE 0.01 % and Bharat Forge gained between 1 per cent and 2.25 per cent. "In the defence sector, the whole idea (behind DPP)...
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