https://sputniknews.in/20250429/indias-defence-stocks-skyrocket-amid-rising-tensions-with-pakistan-9043333.html
India’s Defence Stocks Skyrocket Amid Rising Tensions with Pakistan
India’s Defence Stocks Skyrocket Amid Rising Tensions with Pakistan
Sputnik India
India's defence sector has shown resilience, making gains amid Donald Trump's tariff war and ongoing India-Pakistan tensions after the Pahalgam terrorist... 29.04.2025, Sputnik India
2025-04-29T20:01+0530
2025-04-29T20:01+0530
2025-04-29T20:01+0530
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Amid rising tensions between India and Pakistan following the Pahalgam massacre that saw terrorists killing 26 innocent civilians, Indian defence stocks are witnessing a record rally, with most of the state-run military equipment manufacturers registering a 10% jump in their stock value. State-run shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE) saw its shares rise by over 12%, adding a notable $2.58 from its previous closing of $21.08 on Monday. On Tuesday, GRSE's stock price breached the $23.49 mark, climbing to an intraday high of $23.66.On the other hand, the country's naval construction behemoth, Mazagon Dock Shipbuilders Ltd's (MDL), stock price increased by nearly 9% to $36.47, while Cochin Shipyard Ltd surged 9.88 percent to INR $19.88Another stock that registered double-digit growth was Data Patterns, recording a 14.93% surge to $30.96.Furthermore, other defence stocks like Hindustan Aeronautics Limited (HAL), Bharat Electronics Ltd (BEL), Bharat Heavy Electricals Ltd (BHEL), and Unimech Aerospace and Manufacturing Ltd have also made significant gains.
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India’s Defence Stocks Skyrocket Amid Rising Tensions with Pakistan
India's defence sector has shown resilience, making gains amid Donald Trump's tariff war and ongoing India-Pakistan tensions after the Pahalgam terrorist attack.
Amid rising tensions between India and Pakistan following the Pahalgam massacre that saw terrorists killing 26 innocent civilians, Indian defence stocks are witnessing a record rally, with most of the state-run military equipment manufacturers registering a 10% jump in their stock value.
State-run shipbuilder Garden Reach Shipbuilders & Engineers Ltd (GRSE) saw its shares rise by over 12%, adding a notable $2.58 from its previous closing of $21.08 on Monday. On Tuesday, GRSE's stock price breached the $23.49 mark, climbing to an intraday high of $23.66.
On the other hand, the country's naval construction behemoth,
Mazagon Dock Shipbuilders Ltd's (MDL), stock price
increased by nearly 9% to $36.47, while
Cochin Shipyard Ltd surged 9.88 percent to INR $19.88
Paras Defence and Space Technologies Ltd was the biggest defence gainer, jumping 20% to $16.53 from $13.77 the previous day.
Another stock that registered
double-digit growth was Data Patterns, recording a 14.93% surge to $30.96.
Furthermore, other defence stocks like Hindustan Aeronautics Limited (HAL), Bharat Electronics Ltd (BEL), Bharat Heavy Electricals Ltd (BHEL), and Unimech Aerospace and Manufacturing Ltd have also made significant gains.
