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).
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.
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
Sixty-one candidates withdrew from Bihar’s first-phase polls, leaving 1,314 in the race ahead of voting…
Veteran actor Asrani passed away at 84 in Mumbai due to a chest infection. Known…
On Diwali, Vice-President CP Radhakrishnan warmly welcomed Prime Minister Narendra Modi at his official residence,…
On Diwali, Prime Minister Narendra Modi visited President Droupadi Murmu at Rashtrapati Bhavan, extending festive…
According to new clinical findings, a wireless retinal implant shows strong potential to restore central…
India’s stock market opened the new trading year, Samvat 2082, on a strong footing after…