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
PM Modi and Amit Shah greeted Jharkhand on Statehood Day, praising its tribal heritage, natural…
Indian markets may turn volatile next week as investors track FII flows, oil prices, Nvidia…
Thick smog continued to cover Delhi-NCR on Sunday as several monitoring stations recorded severe air…
Prime Minister Narendra Modi and Home Minister Amit Shah paid tribute to tribal freedom fighter…
PM Modi will attend Maharashtra's Janjatiya Gaurav Diwas celebrations on Sunday, marking Birsa Munda's 151st…
Chhath Puja celebrations reach their most significant stage on Sunday as devotees prepare to offer…