Rs 7,700 crore Pinaka opportunity: 2 defence stocks quietly powering India’s rocket push

Defence production reached ₹1.78 lakh crore in FY26, showing a 15.6% rise. India now produces 65% of its defence equipment domestically. The Pinaka programme is a key part of this growth, with DRDO successfully testing a 60 km range guided rocket on July 8, 2026. Exports to Armenia also started.