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Defence stocks experienced a downturn on Thursday, with the Nifty India Defence Index falling 2%, driven by profit booking and easing geopolitical tensions. Investors reassessed high valuations following a significant rally in the past three months. Bharat Dynamics led the decline after Motilal Oswal initiated coverage with a 'neutral' rating, citing fair valuation.
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The new 31-acre development, called Foundry Park, will eventually total about two to three thousand units, including single-family homes, condos, rental apartments, townhomes and affordable housing.
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Start-up firms and researchers are working on lenses that can change their focus.
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