Paras Defence, Zen Tech, other defence shares rise up to 8% as MoD notifies sixth Positive Indigenisation List of 405 items

Defence shares rose up to 8% on August 18 after the Ministry of Defence notified the sixth Positive Indigenisation List of 405 items. This move aims to boost local manufacturing under the Aatmanirbhar Bharat initiative. Companies like Paras Defence and Zen Technologies saw gains as the government pushed for self-reliance.