Defence Stocks Soar as MoD Inks Rs 4,666-Cr Deals for Carbines, Torpedoes

• Defence stocks like BEML, Bharat Electronics, Bharat Dynamics, Bharat Forge, and Hindustan Aeronautics rose up to 2% on December 31.
• Ministry of Defence (MoD) signed contracts worth Rs 4,666 crore for battle carbines and torpedoes, boosting investor confidence.
• A Rs 2,770 crore contract for over 425,000 close quarter battle carbines for the Indian Army and Navy was signed with Bharat Forge Ltd and PLR Systems Pvt Ltd.
• Another Rs 1,896 crore contract was signed with WASS Submarine Systems SRL, Italy, for 48 heavy torpedoes for Kalvari class submarines.
• Bharat Forge's shares climbed after securing its largest small arms contract worth Rs 1,667 crore for carbines.

Why It Matters: MoD's Rs 4,666-cr defence contracts boost stocks, enhance military capabilities with indigenous and advanced tech.