Mumbai, Feb 18 Shares of companies related to defence sector saw hectic buying in an overall strong broader market today, surging up to 16 per cent.
These stocks saw frenzied buying after Prime Minister Narenda Modi made a strong pitch to end India’s dependence on defence imports.
He promised a conducive environment for manufacturers, including a discrimination-free tax system, and asked foreign firms not to be just “sellers” but “strategic partners”.
Astra Microwave Products zoomed 16.36 per cent to Rs 153.
