Mishra Dhatu Nigam shares jump 7%. Why is defence PSU stock rising today?

Shares of Mishra Dhatu Nigam, a public sector undertaking (PSU) in the defense sector, surged over 7% in early trade on the Bombay Stock Exchange (BSE).
The rise is likely due to positive investor sentiment, government policies favoring domestic defense manufacturing, or new contracts secured by the company.
Given the increasing focus on defense self-reliance in India, investors are betting on PSUs like Mishra Dhatu Nigam for long-term growth.
SOURCE: https://www.indiatoday.in/business

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