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Beyond HAL: The 2 micro-caps securing India’s first private missile licenses

Posted on May 5, 2026
By Financial Express
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1 min read

Beyond HAL: The 2 micro-caps securing India’s first private missile licenses

Missile production opens up, ₹2.2 lakh crore defence push builds momentum, and two stocks surge up to 50%. But can licences translate into real orders—or is this rally ahead of execution?