Defence stocks fire up

about 3 days ago

Defence stocks are up in the green today morning – HAL, Mazagon Dock, Paras Defence, Bharat Electronics.

Mazagon rose over 4.5% to Rs.3107, Paras Defence was up 2.5% to Rs.1419 and Bharat Electronics rose almost 2% to Rs.315.

The recent surge in Indian defence stocks is primarily attributed to escalating tensions between India and Pakistan, notably following India's missile strikes on Pakistani territory, dubbed "Operation Sindoor." These strikes were in retaliation for the deadly Pahalgam attack on April 22, 2025.

The markets perception is that with war clouds looming large and geopolitical tensions expected to escalate, these Indian defence companies could see an increase in production and orders. Though these situations do not bode well for the markets, defence stocks are seen as the best defensive option!

4500.90 (+81.45)
2923.30 (+103.30)

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