ICICI Securities picks 9 counters after DAC clears Rs 21,772-crore acquisition; BEL and HAL key beneficiaries

India's Defence Acquisition Council approved five capital acquisition proposals worth ₹21,772 crore, boosting the domestic defence ecosystem. Bharat Electronics and Hindustan Aeronautics are expected to be the biggest beneficiaries. The move strengthens maritime, aerial, and armoured fleet capabilities, though order conversion and execution will take time.