Business

Defence Stocks Surge Over Rs 86,000 Crore In Market Value Since Pahalgam Attack

The Indian defence sector has seen a dramatic rise in market capitalisation, gaining ₹86,211 crore since the Pahalgam terror attack that killed 26 people.

This surge followed ‘Operation Sindoor’, a large-scale, tri-service precision strike by the Indian armed forces on terror bases in Pakistan and Pakistan-occupied Kashmir (Pok).

Defence Stocks Outperform Broader Market

The Nifty India Defence Index surged 9.39% since the operation began, far outpacing the benchmark Nifty’s 1.98% rise in the same period.

Paras Defence and Space Technologies led the rally with a nearly 40% jump in share value.

Garden Reach Shipbuilders saw a rise of over 28%, while Mishra Dhatu Nigam and Bharat Dynamics each gained more than 26%.

Data Patterns India and DCX Systems also posted strong gains, climbing over 20% each.

Major Companies Drive Market Capitalisation Gains

Bharat Electronics Ltd (BEL) added ₹23,683 crore to the sector’s market value.

Hindustan Aeronautics Ltd (HAL) contributed ₹21,654 crore, and Bharat Dynamics added ₹12,345 crore.

Mazagon Dock Shipbuilders and Solar Industries contributed ₹9,971 crore and ₹6,859 crore, respectively.

Despite geopolitical tensions and intra-day market volatility, investor confidence in defence stocks remained strong.

The domestic defence sector stood out as a top performer on Wednesday, reflecting growing investor faith in India’s military and strategic capabilities.

Also Read: India’s WPI Inflation Falls To 13-Month Low Of 0.85 Per Cent

Ajaypal Choudhary

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