Stock Market News and Updates: DEFENCE STOCKS - CIPLA - ONGC, OIL INDIA - HERO MOTOCORP - AGI INFRA - SYNGENE

DEFENCE STOCKS (BHARAT DYNAMICS, BEL)

DAC, chaired by Defence Minister Rajnath Singh, approved ₹79,000 crore worth of modernisation proposals for the Army, Navy, and Air Force.

Key approvals include the Nag Missile System, Landing Platform Docks, Advanced Lightweight Torpedoes, and high-mobility logistics vehicles.

This decision reinforces the Atmanirbhar Bharat vision for indigenised defence manufacturing.

CIPLA

Cipla entered into an agreement with Eli Lilly to distribute and promote tirzepatide — a blockbuster weight-loss and diabetes drug — in India under the brand name Yurpeak.

This partnership expands Cipla’s footprint in the fast-growing GLP-1 therapy segment, valued at over ₹1,000 crore annually, with strong growth potential in obesity and metabolic care markets.

ONGC, OIL INDIA

Brent Crude prices extended gains for the second consecutive day, supported by reports of China halting Russian oil purchases, tightening global supply.

HERO MOTOCORP

The company has partnered with MotoGB (UK) to strengthen its international expansion and boost exports, particularly across Europe.

AGI INFRA

The board approved fundraising plans of up to ₹500 crore to finance growth and upcoming projects.

ARSS INFRA

Secured a ₹164 crore order, adding to its robust infra order book.

SYNGENE

Confirmed a major biologics manufacturing facility expansion, reinforcing its growth in biologics and CDMO services.

EPACK PREFAB TECH

BofA Securities Europe bought 5.6 lakh shares, reflecting institutional confidence in the company’s growth trajectory.

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