Defence Stock Update: Avantel surges 6.63%, BDL and Zentec fall over 2.5%

Defence stocks showcased a mixed performance in early trade as investors continued to track sectoral developments and evaluate stock-specific trends. The sector has been a focus for market participants due to ongoing government initiatives and increasing global demand for indigenous defence manufacturing.

Here’s a breakdown of how individual defence stocks performed:

Advertisement

  • Avantel led the gains, surging 6.63% to ₹145.60, driven by strong investor sentiment and buying interest.
  • Solar Industries was marginally lower by 0.03%, trading at ₹9,745.95.
  • HAL (Hindustan Aeronautics Ltd) slipped 0.14% to ₹4,181.65, reflecting minor profit-booking.
  • Astra Microwave dropped 0.75% to ₹776.00, continuing its recent downtrend.
  • BEL (Bharat Electronics Ltd) was down 0.77%, trading at ₹283.60.
  • Data Patterns declined by 1.47%, ending at ₹2,325.00, on the back of subdued trading volumes.
  • Paras Defence fell 1.51% to ₹1,083.25 as investors booked profits after recent gains.
  • BEML slipped 1.46% to ₹3,736.15, reflecting selling pressure.
  • Apollo Micro Systems declined 2.01% to ₹148.24, extending its recent correction.
  • GRSE (Garden Reach Shipbuilders & Engineers) dropped 2.17% to ₹1,556.95 amid weak market sentiment.
  • Mazagon Dock fell 2.17% to ₹2,385.45 despite consistent institutional interest in the defence manufacturing space.
  • Zentec lost 2.55%, trading at ₹2,150.00 as traders reacted to valuation concerns.
  • BDL (Bharat Dynamics Ltd) was the top loser, falling 2.67% to ₹1,293.75, amid selling pressure.

Sector Outlook:

The defence sector remains a key focus area due to the government’s push for Atmanirbhar Bharat and increased allocation to the sector in recent budgets. While long-term prospects remain strong, short-term fluctuations in these stocks are attributed to profit-booking and sector-specific developments. Investors are advised to monitor upcoming order inflows, export opportunities, and government policies, which could provide further impetus to the sector.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any trading decisions.