Defence Stocks Rally In Trade As India's Defence Production Touches All-Time High

Defence stocks rallied sharply on June 17, with broad-based gains across the sector as India's defence production reached an all-time high of Rs 1.78 lakh crore in the Financial Year (FY) 2025-26, marking a significant milestone in the country's push towards self-reliance in defence manufacturing.

Paras Defence emerged as the top gainer, surging 12.89%, followed by Astra Microwave Products, which advanced 7.72%, and MTAR Technologies, up 6.99%. Data Patterns gained 4.81%, while Bharat Dynamics rose 4.39%.

Among the public sector defence names, Garden Reach Shipbuilders climbed 3.67%, Hindustan Aeronautics Ltd. (HAL) added 3.51%, and Cochin Shipyard gained 3.39%. Mazagon Dock Shipbuilders rose 2.43%, while Mishra Dhatu Nigam and DCX Systems advanced 2.14% and 1.84%, respectively. Bharat Electronics Ltd. (BEL) gained 1.58%, and IdeaForge Technology rose 1.29%. Bharat Forge was the laggard within the pack, up 0.46%.

The record output represents a 15.6% increase compared to the previous fiscal year, when defence production stood at Rs 1.54 lakh crore. It also reflects a remarkable 110% growth from FY 2020-21, when production was valued at Rs 84,643 crore. Compared to FY 2013-14, indigenous defence production has increased nearly fourfold from Rs 43,746 crore, said the Ministry of Defence.

Defence Public Sector Undertakings (DPSUs) and other public sector units contributed around 76% of the total defence production, while the private sector accounted for 24%.

The private sector's contribution reached an all-time high of approximately Rs 42,000 crore in FY 2025-26, rising from 22% in the previous fiscal year.

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PM Modi, Trump's G7 Handshake Ahead Of Bilateral, First Meet In 16 Months

Prime Minister Narendra Modi and US President Donald Trump were seen interacting at the G7 summit in Evian, France, on Tuesday. This is the first meeting between the two leaders in 16 months.

Prior to this interaction, the last time the two leaders met face-to-face was in February 2025 at the White House in Washington, DC, shortly after Trump's second inauguration.

After the handshake, the two leaders had a brief conversation. The two leaders are scheduled to hold a bilateral meeting on Wednesday on the sidelines of the summit.

PM Modi arrived in France to attend the G7 Summit and exchange views with world leaders on key global issues.

PM Modi-Trump Handshake In France As World Leaders Gather For G7 Summithttps://t.co/c6E23WjJMZ pic.twitter.com/XvBn84z9AJ

— NDTV (@ndtv) June 16, 2026

"Reached Evian, France, for the G7 Summit. Looking forward to engaging with world leaders and exchanging views on key global issues," Modi said in a post on X.

India-US Relations

After the Trump administration imposed punitive tariffs on India and after the Republican president made controversial assertions regarding his role in de-escalating the India-Pakistan military clashes in May 2025.

After US Secretary of State Marco Rubio's visit to India last month, the two countries have begun to rebuild the relationship.

Last week, after three Indian sailors were killed in US attacks on a merchant vessel off the coast of Oman.

Rubio, during his meeting with Prime Minister Modi, had invited him on behalf of President Trump to visit the White House in the "near future".

The top American diplomat described India as the "cornerstone" of Washington's approach towards the Indo-Pacific.

On the sidelines of the summit, PM Modi will also hold bilateral meetings with several world leaders.

(With inputs from agencies)

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Saif Ali Khan Says He Made Agent Vinod For Himself: "It Was Vanity"

Days after Agent Vinod actor Lalit Parimoo revealed that the film failed due to the 'interference' of lead actors Kareena Kapoor Khan and Saif Ali Khan, the latter has shared his views on why the movie might not have worked.

What's Happening

• Saif Ali Khan told Variety India, "I think of Agent Vinod as a film that might have been vain. But also that film opened really well, you know. It's just that it did not sustain because it probably wasn't a tightly made film, or it went off track in many ways. Or, as Sriram himself said, he put too many toppings on the pizza."
• He added, "But the idea wasn't bad, and the title wasn't bad, and it was the right film to make. Imagine a kind of spy movie ahead of its time, perhaps. It was a cool film, but it should have held more. Maybe we made some mistakes. My point is: it was vanity. I was excited to do that. I made the film for myself, but it did open well. So its failure was not because it was a vain idea."

What Lalit Parimoo Said About Agent Vinod

In conversation with Siddharth Kannan on his podcast, Lalit Parimoo said, "I think the main reason was that there was too much interference from the stars - Saif and Kareena. The way Sriram wanted to make that film, he couldn't make it that way."

He continued, "He was constantly being told what he should do, so it became a mess. The writing and the direction team... they didn't get to present what they wanted. That was the flaw of the film."

"Film is a director's medium, so if the director has a vision, people should just follow that. And if the director has cast any actor, they should only take the actor's suggestions if they are valid. If the actor is suggesting something because they are a star, then it means nothing. These kinds of adjustments ruin the film," added Lalit Parimoo.

On What Sriram Raghavan Said About Saif-Kareena's "Interference"

Sriram Raghavan and Lalit Parimoo had a good rapport and had known each other since the latter's television days.

When asked if Sriram Raghavan spoke about the 'ordeal' with him, Lalit Parimoo said the filmmaker did not go into detail and didn't share much.

"He was talking about the interference; he did mention it," concluded Lalit Parimoo.

About Agent Vinod

Directed by Sriram Raghavan, Agent Vinod, an action-spy film, had Saif playing the role of a RAW agent and Kareena as a spy. 

The film made on a budget of approximately Rs 60 crore, had been shot in Russia and Switzerland, while in India it had been filmed in Ladakh, Mumbai, Jaisalmer and Delhi. It took almost two years for Saif to complete the film.

Produced under Saif's banner Illuminati Films, it also stars Kareena Kapoor, Gulshan Grover, Prem Chopra, Ram Kapoor and Ravi Kishan.

ALSO READ | Agent Vinod Actor Says Film Failed Due To Kareena Kapoor-Saif Ali Khan's "Interference": "Sriram Raghavan Was Talking About It"

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Five Stocks To Buy: Federal Bank, GAIL, Eicher Motors And More | June 16, 2026

Market analysts and brokerage firms have identified high-conviction trading ideas for the upcoming session, focusing on private banking, energy utilities, automotives, diversified conglomerates, and non-banking financial services.

Top picks include private lender Federal Bank, state-owned natural gas major GAIL (India), automotive heavyweight Eicher Motors, diversified conglomerate Grasim Industries, and gold loan financier Manappuram Finance.

Federal Bank

Ajit Mishra, SVP-Research at Religare Broking, noted technical strength in the private banking space. He recommended a buy on Federal Bank at the current market price of Rs 317.1 for a target of Rs 335, advising traders to maintain a stop loss at Rs 307. (Disclaimer: https://religareonline.com/disclaimer)

GAIL

Vinay Rajani, Senior Technical Research Analyst at HDFC Securities, highlighted a positive breakout setup in the utilities sector. He recommended a buy on GAIL (India) Ltd. at Rs 175 for a target of Rs 180, advising traders to maintain a stop loss at Rs 172.

Eicher Motors

Ruchit Jain, Vice President, Equity Technical Research, Wealth Management at Motilal Oswal Financial Services Ltd, tracked steady accumulation pattern in the automotive counter. He recommended a buy on Eicher Motors Ltd. for a target of Rs 7900, advising traders to maintain a stop loss at Rs 7470.

Grasim

Ruchit Jain, Vice President, Equity Technical Research, Wealth Management at Motilal Oswal Financial Services Ltd, identified strong structural support in the large-cap conglomerate space. He recommended a buy on Grasim Industries Ltd. for a target of Rs 3300, advising traders to maintain a stop loss at Rs 3100.

Manappuram

Nilesh Jain, Head AVP- Technical & Derivatives Research (Equity Research) at Centrum Broking Ltd, observed short-term momentum building up within non-banking financial services. He recommended a buy on Manappuram Finance Ltd. for a target of Rs 331, advising traders to maintain a stop loss at Rs 310.

Disclaimer: The views and opinions expressed by the investment advisers on NDTV Profit are of their own and not of NDTV Profit. NDTV Profit advises users to consult with their own financial or investment adviser before taking any investment decision.

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Restaurant Recovery: Macquarie Has Picked Winners, And Jubilant Isn't On The List

India's quick-service restaurant (QSR) industry is showing early signs of demand recovery, but Macquarie highlights rising costs and intensifying competition from food-delivery aggregators as reasons for its cautiousness. According to Macquarie, post-fourth-quarter trends indicate a gradual improvement in dine-in demand across restaurant chains. Within the sector, Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld.

However, the recovery remains uneven and is being overshadowed by inflationary pressures and the growing dominance of delivery platforms such as Zomato and Swiggy.

The brokerage said same-store sales growth across the listed QSR universe is tracking broadly in line with or slightly ahead of fourth-quarter levels. However, restaurant brands continue to trail delivery aggregators in growth, highlighting a structural shift in consumer behaviour.

To counter this trend, restaurant operators have increasingly turned to targeted discounting and value offerings aimed at attracting customers back into dine-in formats. While these initiatives could help improve footfalls, Macquarie believes they may also weigh on profitability if sustained for longer periods.

ALSO READ: 'Better Than What You Eat At Home': McDonald's India Defends Its Menu

Devyani, Sapphire and Westlife Preferred

Macquarie remains most constructive on franchise operators Devyani International, Sapphire Foods and Westlife Foodworld. The brokerage cited their exposure to the KFC and McDonald's formats, strong operating leverage and potential earnings upside from an eventual recovery in discretionary spending.

Devyani, in particular, could benefit from a turnaround in the Pizza Hut business following the merger of Yum franchise operations, Macquarie said.

By contrast, the brokerage remains cautious on Jubilant FoodWorks. It believes pressure on like-for-like sales growth could persist for several quarters due to a high base and the need for continued investments in dine-in recovery, risks that it believes are not fully reflected in current valuations.

ALSO READ: KFC Pulling Customers Away From Ordering Online? Here's What We Know

Inflation Remains a Key Concern

The brokerage highlighted that rising raw material costs and broader inflationary pressures continue to weigh on consumer sentiment and discretionary spending. As a result, Macquarie expects the recovery in same-store sales growth to be more gradual than previously anticipated.

This cautious view has prompted the brokerage to cut earnings estimates across its restaurant coverage universe. Forward EPS estimates for FY28 and FY29 have been reduced by 3-7%, while target prices have also been trimmed. The brokerage said earnings downgrades were amplified because lower profit bases lead to a greater flow-through impact on bottom-line estimates.

ALSO READ: Pricier Pizza, Slower Growth: Jubilant Foodworks' Q4 Leaves Brokerages Hungry For A Turnaround

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Livano Comenencia: Know All About Curacao's 1st FIFA World Cup Goal-Scorer

Curacao, playing their first FIFA World Cup match and up against giants Germany, conjured a courageous act that will be spoken about in the days to come. By the sixth minute, Curacao were down 0-1, with Felix Nmecha slotting one home in style. What followed was a period of complete domination by the four-time winner. Curacao defended with their lives as Germany raided the Curacao box in hordes.

The reply came in the 21st minute as a counter-attack caught Germany's defence napping, and one of the youngest players of the squad - Livano Comenencia, all of 22 - forever entered the sporting folklore of the Dutch Caribbean island. Comenencia is now the first goal-scorer in a FIFA World Cup for Curacao.

Comenencia was born in the Netherlands and was a youth international for the Netherlands. He even played for Netherlands U18s. In October 2024, he first played for Curacao's senior team. He currently plays for Swiss Super League club Zurich in Switzerland. Earlier, he has played for Juventus Next Gen, the reserve team of Juventus, and Jong PSV.

On Sunday, the island nation of 150,000 people became the smallest country ever to compete at the FIFA World Cup.

🚨🌎 LIVANO COMENENCIA HAS EQUALIZED F0R CURACAO! INCREDIBLE! 🤯

Germany 1-1 Curacao.pic.twitter.com/7iakhA3xY5

— football updates (@The90Minsfeed) June 14, 2026

Coach Dick Advocaat has done his best to keep his players focused and relaxed as they navigate this unprecedented experience.

"Just be yourself, and don't be nervous," defender Shurandy Sambo said Advocaat told them, just before the team left its Florida base camp for Houston. "Of course everybody is excited, but just be yourself, show yourself, because this is the biggest stage."

The Curacao players have worked hard to ensure they are prepared for their debut. Germany, making its 21st appearance in the World Cup, is a heavy favorite.

"We've watched a lot of clips of Germany, how they play, what they can do," Sambo said.

Advocaat said there is more pressure on teams like Germany that are considered favorites and that his team has "everything to win and nothing to lose."

He's confident that Curacao is ready for the challenge of facing Germany, which he referred to as a towering contender.

"We are a minor, very small country compared to Germany, and we're going to make life very difficult for them," he said. "We're going to be a very unpleasant team to play."

Curacao's squad is representing a country that rarely has a chance to have moments as big as this on international sports stages.

Due to its strong Dutch ties, Curacao is not recognized in the Olympics as its own nation, and despite its impressive per-capita production of professional baseball athletes, Curacao players represent the Netherlands at the World Baseball Classic.

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Rs 5 Lakh Lump Sum vs Rs 5,000 Monthly SIP: Which Creates More Wealth?

Lump sum and Systematic Investment Plan (SIP) are two popular ways of investing in mutual funds. While lump sum involves investing a large amount at once, SIP allows investors to put in smaller amounts at regular intervals. 

In a lump sum investment, the money is fully invested immediately. This allows it to potentially grow faster if markets perform well. However, it also carries higher short-term risk. If the portfolio is exposed to market fluctuations from the start, returns can be disappointing.

On the other hand, SIP involves investing smaller amounts regularly, such as monthly or weekly. This approach reduces risk by spreading investments over time. This can also help average out market ups and downs. 

ALSO READ: Equity Fund Inflows Slump 40% To Rs 22,908 Crore In May, Lowest In 2026

Both methods have their own benefits, risks and utilities. Investors with access to both may wonder how they can best maximise their returns. Whether lumpsum can work faster or SIPs are better. 

A quick calculation shows that under identical conditions, a lump sum is likely to benefit more due to higher power of compounding from the start. But is it suitable for everyone - let's see.

SIP:

• SIP amount: Rs 5,000
• Investment duration: 8.3 year
• Expected rate of return: 12%
• Invested amount: Rs 4,98,000
• Estimated returns: Rs 3,57,505
• Total value: Rs 8,55,505

Lumpsum:

• Investment amount: Rs 5,00,000
• Investment duration: 8.3 year
• Expected rate of return: 12%
• Invested amount: Rs 5,00,000
• Estimated returns: Rs 7,80,794
• Total value: Rs 12,80,794

What To Consider Before Investing:

Before choosing between a lump sum investment and a SIP, investors should assess their financial goals, risk tolerance and market conditions. People usually opt for SIPs through their regular income and lump sum when they get a bonus or a gift.

While lump sum investments have the potential for high returns, market timing can play a significant role in the returns. An investment made during unfavourable conditions can lead to poor outcomes and financial stress. As a result, investors with low to moderate risk appetite for mutual funds may consider the SIP route as it gives greater flexibility and peace and mind.

ALSO READ: Gold ETFs Break 13-Month Win Streak As Investors Pull Out Rs 725 Crore In May

Disclaimer: This article is only for informational purpose. Please consult registered financial advisors before taking investment decisions.

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