The approval of these capital acquisition proposals is a significant step towards modernizing the Indian Armed Forces and enhancing their combat readiness. The procurement of these weapons and systems from Indigenous vendors will boost self-reliance in defence production and reduce dependence on foreign suppliers.

Talking about the financials, BHEL has a market cap of over Rs 35,000 crore. The company reported excellent numbers in its quarterly results and annual results. The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs, and the general public.

The stock is up by 90 per cent in just 1 year and generated multibagger returns of 200 per cent in 3 years.

The stock returned 19.36 per cent in the last 6 months and since it was listed on BSE (July 14, 1995) it returned over 887 per cent.

Shares of the company have gained more than 80 per cent in the last six months. 

The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.  

The President of India owns the majority of the company (63.17 per cent), with the remainder divided among FIIs, DIIs and the general public.  

With the outperformance by the broader market indices and generally, April being one of the good months for the markets, there is going to be a problem for most traders; hence, we have selected a few stocks based on the T20 breakout system.