Defence Stocks On The Rise, Bharat Dynamics Leads With 11% Jump

Mumbai: On Tuesday, defence-related shares continued to perform strongly on the stock market. The rise came after India carried out military strikes on terror camps in Pakistan on May 7, under Operation Sindoor. The event has brought strong attention to companies working in the defence sector.

Bharat Dynamics Soars Over 11 per cent

Bharat Dynamics was the biggest gainer, with its share price jumping 11.16 per cent on the Bombay Stock Exchange (BSE). The company, which makes missiles and other defence equipment, has gained investor interest due to its role in India’s defence preparedness.

Other Defence Stocks Also Climb

Many other defence firms also saw good gains:

Axiscades Technologies: rose 5 per cent

Data Patterns: up 4.05 per cent

Bharat Electronics: gained 4.01 per cent

Hindustan Aeronautics Ltd (HAL): climbed 3.81 per cent

Mishra Dhatu Nigam: rose 3.44 per cent

Paras Defence: up 2.84 per cent

DCX Systems: gained 2.81 per cent

Drone Companies in the Spotlight

Drone manufacturers were not left behind. Shares of Ideaforge Technology Ltd increased by 9.26 per cent, and Droneacharya Aerial Innovations went up by 4.99 per cent. With drones playing a bigger role in modern defence, investors are turning their attention to this growing field.

(With PTI Inputs)