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Defence Stocks To Buy: BEL, BDL, Astra, Among ICICI Securities Bets After DAC Approves Rs 54,000 Crore Deal

ICICI Securities has Buy rating on BDL (target price:Rs 1,400), BEL (target price: Rs 350) and Astra Microwave (target price: Rs 935).

<div class="paragraphs"><p>DAC has approved AoNs for eight proposals worth Rs 54 crore.</p><p> (Photo Source:Bharat Dynamics Company website)</p></div>
DAC has approved AoNs for eight proposals worth Rs 54 crore.

(Photo Source:Bharat Dynamics Company website)

DAC also approved the guidelines for reducing the timelines at various stages of the capital acquisition process to make it faster, more effective and efficient. As per media report, the new guidelines endeavour to reduce the average acquisition timeline from 96 weeks (two years) to just 24 weeks (six months).
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