Shares of Bharat Dynamics Ltd. opened 3% higher on Friday, October 24, following the latest procurement approvals by the Defence Acquisition Council (DAC).

On Thursday, the DAC approved proposals worth ₹79,000 crore for acquiring equipment for the Indian Army, Navy, and Air Force.

One of the largest allocations from this approval is expected to go to Bharat Dynamics, a manufacturer of both Light Weight Torpedoes and NAG Missile systems.

According to Elara Capital, the DAC has cleared the procurement of the Nag Missile System (Tracked) Mk-II (NAMIS) for the Indian Army. This could translate into orders worth nearly ₹2,000 crore for Bharat Dynamics, aimed at enhancing the Army's capability to neutralise enemy combat vehicles, bunkers, and other field fortifications.

Additionally, BDL cou

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