'Chips To Ships — India Must Be Self-Reliant In Defence': Rajnath Singh At NDTV Summit
Reliance Industries is in focus in a defence development.
27 Sept 2026 · NDTV Profit
Rajnath Singh called for defence self-reliance “from chips to ships”, stressing indigenous technology, AI, drones, cyber and space capabilities to strengthen India’s strategic autonomy and prepare for future warfare.
The analysis
Against that, the stock is -1.0% on the day at ₹1,205.60, and has returned -7.5% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved +1.0% over the same period, so Reliance Industries is running 8.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
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