BEL, HAL, Astra Microwave and others: Why defence stocks are on fire - Rally reason explained | Top shares to buy

Defence stocks surged on September 8 after DAC approved ₹1.1 lakh crore in acquisition proposals. The Nifty India Defence Index rose 1.3%, outperforming the benchmark Nifty. Major gainers included Astra Microwave Products and BEML, reflecting strong domestic procurement intent.