AoN for procurement of Electronic Warfare Suite (EWS) comprising External Airborne Self Protection Jammer pods, Next Generation Radar Warning Receiver and associated equipment for Su-30 MKI Aircraft was accorded by DAC.

Garden Reach Shipbuilders & Engineers share price led the rally with gains of 6.2%, Paras Defence and Space Technologies shares surged as much as 4.6%, HAL stock price rose 2.4%.

Shares of these defence companies are staging a rebound, having recovered nearly 20% to 30% from their respective lows. However, despite the recent rebound, most of these stocks are still down between 20% to 40% from their record high levels.