BEL, BEML, Data Patterns and other defence stocks rise up to 5% as Army eyes Rs 30,000-crore missile system

Defence stocks such as Bharat Electronics (BEL), BEML, Bharat Dynamics (BDL), Data Patterns, Paras Defence, and others rallied up to 5% on Tuesday following reports that the Indian Army is set to acquire an indigenous Quick Reaction Surface-to-Air Missile (QRSAM) system worth Rs 30,000 crore.

Data Patterns led the gains among defence stocks, rising 4.83% to touch an intraday high of Rs 3,097.65, followed by Hindustan Aeronautics Ltd (HAL), which gained 2.6% to Rs 5,138.

Shares of BEL advanced 1.7% to Rs 401.80, marking a new all-time high (ATH).


Paras Defence rose 1.6% to Rs 1,638, while Bharat Dynamics Ltd (BDL) climbed 1.85% to Rs 1,984.05. Shares of BEML moved up 1.6% to Rs 4,441.30, and Garden Reach Shipbuilders & Engineers (GRSE) saw a modest rise of 0.6%, reaching a high of Rs 3,291.45.

According to news agency ANI, the Defence Ministry is expected to take up the proposal soon for the purchase of three QRSAM regiments for Army Air Defence. These systems, developed by the Defence Research and Development Organisation (DRDO), are intended for deployment along India’s western and northern borders.

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Designed for mobility and rapid response, the QRSAM systems can track and engage targets on the move and fire after brief halts. With a range of around 30 km, the QRSAM will complement existing platforms like Akash and MRSAM in the short to medium-range category.

Officials said the missile system has undergone extensive trials under both day and night conditions.

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The Defence Acquisition Council (DAC) is likely to meet in the fourth week of June to consider the proposal.

The move follows recent skirmishes where the Indian Army’s Air Defence units effectively countered drones from across the border using L-70 and Zu-23 air defence guns, while systems like Akash, MRSAM, and the IAF’s Spyder and S-400 played a key role.

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To enhance preparedness, the Army Air Defence is also set to induct new radars, very short-range air defence systems, jammers, and laser-based anti-drone technologies.

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