Mumbai, Feb. 1 -- Mishra Dhatu Nigam (down 9.15%), Paras Defence and Space Technologies (down 7.10%), Apollo Micro Systems (down 5.43%), Data Patterns (India) (down 4.46%) Hindustan Aeronautics (down 4.21%), Bharat Dynamics (down 3.77%) and Bharat Electronics (down 3.76%) slumped.
The Union Budget 2025-26 allocated Rs 6,81,210.27 crore to the Ministry of Defence (MoD). While this represents a 9.53% increase from the Budgetary Estimate of FY 2024-25 and constitutes 13.45% of the total Union Budget (the highest allocation among ministries), it appears to have fallen short of market projections.
Of the total allocation, Rs 1,80,000 crore (26.43%) is earmarked for capital outlay on defence services, a 4.65% increase from the Budgetary Estimat...