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)
