Shares of several Indian defence companies surged on Wednesday, May 7, following India’s retaliatory airstrikes under Operation Sindoor, which targeted nine terror infrastructure sites across Pakistan and Pakistan-occupied Kashmir (PoK). The strikes, which were in response to the Pahalgam terror attack, reportedly caused no damage to Indian aircraft, and all targets were successfully hit.
Among the notable gainers:
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Mazagon Dock Shipbuilders Ltd rose 2.44% on BSE to ₹3,041.05
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Hindustan Aeronautics Ltd gained 1.73% to ₹4,585.00 on BSE
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Garden Reach Shipbuilders & Engineers Ltd advanced 1.77% to ₹1,864.60
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Bharat Electronics Ltd climbed 1.34% to ₹314.70
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Bharat Dynamics Ltd rose 1.14% to ₹1,545.00
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Cochin Shipyard Ltd was up 1.32% to ₹1,501.00
The rally reflects investor confidence in India’s defence capabilities and the potential for increased government procurement in light of rising geopolitical tensions.
Hindustan Aeronautics remains India’s premier aircraft and helicopter manufacturer, while Bharat Dynamics leads in ammunition and missile systems. The success of Operation Sindoor, which involved precision strikes without any loss of aircraft, has reinforced the value of these companies in India’s strategic defence ecosystem.
Disclaimer: This information is for educational and informational purposes only and should not be construed as investment advice. Please consult your financial advisor before making any investment decisions.
