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PSU defence stocks GRSE, HAL, Mazagon Dock rally up to 8% ahead of defence ministry meeting
Shares of defence companies like HAL, Garden Reach Shipbuilders, and others saw significant gains ahead of a crucial defence ministry meeting to review projects. Key discussions will include constructing advanced frigates for the Indian Navy and replacing the Army's T-72 tanks with modern combat vehicles. The sector received additional momentum from the approval of procurement plans.