New Delhi, June 10 -- Defence stocks are back in the spotlight as the Indian Army is set to receive a major boost with the possible approval of a Rs. 30,000 crore air defence missile system. The Defence Ministry is likely to clear the proposal to buy three Quick Reaction Surface-to-Air Missile (QRSAM) regiments, developed by DRDO, which will be deployed along India's western and northern borders. This move is part of a broader push to modernise and strengthen India's air defence capabilities.

The QRSAM system is designed to quickly detect, track, and shoot down enemy aircraft, helicopters, and drones even while moving. It has a range of around 30 km and is expected to work alongside other missile systems like Akash and MRSAM. Defence off...