Defence stocks rallied sharply on June 17, with broad-based gains across the sector as India's defence production reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26, marking a significant milestone in the country's push towards self-reliance in defence manufacturing. Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%. Among the public sector defence names, Garden Reach Shipbuilders climbed 3.67%, Hindustan Aeronautics Ltd. (HAL) added 3.51%, and Cochin Shipyard gained 3.39%. Mazagon Dock Shipbuilders rose 2.43%, while Mishra Dhatu Nigam and DCX Systems advanced 2.14% and 1.84%, respectively. Bharat Electronics Ltd. (BEL) gained 1.58%, and IdeaForge Technology rose 1.29%. Bharat Forge was the laggard within the pack, up 0.46%. The record output represents a 15.6% increase compared ...
Reliance Industries Ltd.'s upcoming annual general meet is going to be key for shareholders expecting dividend payouts for FY26. The company has informed that its Rs 6 per share dividend will be paid within seven days after the meeting is held. The meeting is scheduled to take place on June 19, 2026 (Friday) at 2:00 P.M. (IST) through Video Conferencing ("VC") /Other Audio Visual Means ("OAVM"). The Mukesh Ambani-led group did not announce an interim dividend in FY26, making the final dividend of Rs 6/share payout the only one in the fiscal 2026. The record date to determine eligible members for the dividend was June 5, 2026; while the June 12, 2026 was set as the "Cut-off Date" for the purpose of determining the members eligible to vote on the resolutions set out in the Notice of the AGM. RIL Q4FY26 Highlights (QoQ) Reliance Industries reported a 9% quarter-on-quarter fall in fourth-quarter profit, while operating margin posted its sharp...