Defence stock in Focus, Opens with strong gains; check Sensex, Nifty gain

New Delhi, December 31, 2025: In the early trade on the Wednesday session, shares of Private Defence stocks, along with PSUs, are edging higher with significant gains, with BHEL, BEL, BEML, GRSE, etc. recording profit gains. These gains are along with the Sensex and Nifty 50 which have opened with strong positive points in the Wednesday session. The Sensex gains over 283.57 points to 84,959.65 while the Nifty 50 is currently trading higher by 0.44% to 26,051.50.

This rise has been significantly due to the signing of the contract by the Defence Ministry worth approx Rs 4,666 crore for the procurement of Close Quarter Battle (CQB) Carbine and Heavy Weight Torpedoes. The contract for over 4.25 lakh CQB Carbine along with accessories, worth Rs 2,770 crore, for the Indian Army and the Indian Navy was signed with Bharat Forge Ltd and PLR Systems Pvt Ltd.

The contract for the procurement and integration of 48 Heavy Weight Torpedoes along with associated equipment for Kalvari Class Submarines (P-75) of the Indian Navy at an approximate cost of Rs 1,896 crore was signed with WASS Submarine Systems S.R.L., Italy.

The acquisition will enhance the combat capability of the six Kalvari Class submarines. The delivery of torpedoes will commence from April 2028 and will be completed by early 2030.

Further in the Financial Year 2025-26, the Ministry of Defence has signed capital contracts amounting to Rs 1,82,492 crore for the modernisation of the Armed Forces.

Shares of BEL, HAL, Bharat Dynamics, and Bharat Forge Ltd are trading higher by 1% from the previous close. Meanwhile, the strongest upsurge has been witnessed by BHEL by over 2.13% at Rs 289.00 at the BSE.