Mazagon Dock, GRSE, Bharat Dynamics and others: Here’s how defence stocks are performing ahead of DAC meeting on Monday

According to reports, the DAC council is likely to approve defence procurement proposals worth around ₹80,000 crore.

The meeting will be headed by Defence Minister Rajnath Singh.

Key agenda items include overhauling four regiments of T-90 tanks, enhancing the Navy's capabilities with ten new tugs and SDR software radios, and acquiring seven fuel mission simulators for the Air Force, as per news reports.

Nifty India Defence on Monday

The Nifty India Defence gained 1.4% to touch an intraday high of 7,885.20. At the time of writing the article, the sector was trading 0.76% higher.

Mishra Dhatu Nigam was the biggest gainer, soaring 11.74%, followed by Mazagon Dock (2.78%), Garden Reach Shipbuilders & Engineers (2.3%), Mtar Technologies (2.09%), Bharat Dynamics (1.86%), and Astra Microwave Products (1.49%).

BEML (1.13%), Cochin Shipyard (0.78%), Hindustan Aeronautics (0.76%), Unimech Aerospace and Manufacturing (0.58%), Zen Technologies (0.48%), Bharat Electronics (0.34%), Solar Industries (0.23%) and Data Patterns (0.16%) were also trading with gains.  

Meanwhile, Cyient DLM (-0.7%), Dynamatic Technologies (-0.69%), Bharat Forge (-0.19%) and Paras Defence (-0.09%) were the only losers on the Nifty India Defence index.

DAC meeting approvals in 2025

In its last meeting in October, the Defence Acquisition Council had approved a series of capital acquisition proposals worth around ₹79,000 crore to enhance the combat readiness and operational capabilities of the Indian Armed Forces.

The council granted acceptance of necessity (AoN) for the purchase of the Nag Missile System (Tracked) Mk-II, the Ground-Based Mobile ELINT System, and high-mobility vehicles equipped with material-handling cranes.

Further, in July 2025, DAC had approved 10 capital acquisition proposals worth around ₹1.05 lakh crore under the Buy (Indian-Indigenously Designed, Developed and Manufactured) category to boost indigenous defence manufacturing.

The proposals were cleared during a meeting chaired by Defence Minister Rajnath Singh. Approvals include procurement of armoured recovery vehicles, electronic warfare systems, integrated common inventory management systems for the tri-services and surface-to-air missiles, the defence ministry said in a statement.

India’s defence manufacturing has seen a remarkable transformation in the last eleven years. In 2023–24, the country recorded its highest ever defence production, touching ₹1.27 lakh crore. This is a sharp rise of 174% compared to ₹46,429 crore in 2014–15.

The Ministry of Defence had signed 193 contracts worth ₹2,09,050 crore in 2024–25—the highest ever in a single year. Of these, 177 contracts were awarded to the domestic industry, amounting to ₹1,68,922 crore.