Astra Microwave secured an order worth ₹2,205.20 crore from HAL for procuring 122 AAAU and 121 Interface Frames for the indigenous Uttam AESA Radar programme.
The defence stock was in focus on reports that Data Patterns secured the L1 position for an order worth ₹1,300 crore from HAL for Buffer amplifier and BITE (Built-In Test Equipment) modules.
HAL delivers its 1,000th overhauled AL-31FP engine for the IAF, highlighting India's growing aero-engine MRO capability amid delays in GE F414 engine negotiations
At 11:29 AM on Friday, the BSE India Defence index was the top gainer among thematic indices up 1 per cent as compared to 0.11 per cent rise in the BSE Sensex.
The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.
Unimech Aerospace and Manufacturing, Mtar Technologies and Data Patterns rallied in the range of 5 per cent to 6 per cent on the NSE in intra-day trade.
On the bourses, HAL share price was trading 0.27 per cent lower at ₹4,734 per share at 10 AM. By comparison, the BSE Sensex was trading flat at 84,463.92 levels.
R&D spending by India's defense PSUs over the next five years is slated to increase with a projected expenditure of ₹32,766 crore, exceeding ₹30,952 crore invested in the past 10 years.
Nomura maintains a 'Buy' rating on HAL with a target price of ₹6,100, citing the streamlined delivery process and the bolstered order book as key positives.
The major contenders have finished shaping their strategies ahead of the September 30 deadline to respond to the expression of interest (EoI) for AMCA prototype development
Around 2:30 PM, Hindustan Aeronautics share price was trading 1,99 per cent higher at ₹4,542 per share. By comparison, BSE Sensex was trading 0.31 per cent higher at 81,350.68 levels.