Shares of defense companies such as HAL, Bharat Dynamics, and Bharat Electronics surged over 3% on Thursday following the Cabinet Committee on Security’s approval of defense deals worth Rs 80,000 crore. HAL’s shares rose over 2% to Rs 4,492, BDL shares jumped over 3% to a day’s high of Rs 1,197, and BEL advanced 2% to Rs 287.
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