The defence sector has witnessed robust performance over the past week, with several stocks delivering remarkable gains. This surge reflects the growing momentum in the defence and shipbuilding segments, driven by government initiatives, contract wins, and favorable market sentiment.
Top Gainers:
- Cochin Shipyard Ltd: The standout performer, with a whopping gain of 17.84%, as the stock closed at ₹1,577, rising ₹238.70 in the past five days.
- Garden Reach Shipbuilders & Engineers Ltd: Registered a gain of 17.05%, with its stock price closing at ₹1,675, adding ₹244 over the week.
- Mazagon Dock Shipbuilders Ltd: Continued its strong momentum with an increase of 10.83%, closing at ₹4,585.
Key movers in the defence sector
Apart from the top three, other major players also showed significant growth:
- Bharat Dynamics Ltd: Climbed 15.36% to ₹1,150.15.
- BEML Ltd: Gained 5.53%, closing at ₹4,230.50.
- Bharat Electronics Ltd (BEL): Rose 4.25% to ₹307.65.
- Hindustan Aeronautics Ltd (HAL): Advanced 4.07%, closing at ₹4,470.
Further, stocks such as Data Patterns (India) Ltd and Paras Defence and Space Technologies Ltd also made notable moves, up 6.93% and 5.92%, respectively.
Weekly Performance of Defence Stocks
| Stock Name | Closing Price (₹) | Weekly Gain (₹) | Weekly % Change |
|---|---|---|---|
| Cochin Shipyard Ltd | 1,577.00 | 238.70 | 17.84% |
| Garden Reach Shipbuilders & Engineers Ltd | 1,675.00 | 244.00 | 17.05% |
| Mazagon Dock Shipbuilders Ltd | 4,585.00 | 448.20 | 10.83% |
| Bharat Dynamics Ltd | 1,150.15 | 153.10 | 15.36% |
| BEML Ltd | 4,230.50 | 221.85 | 5.53% |
| Bharat Electronics Ltd (BEL) | 307.65 | 12.55 | 4.25% |
| Hindustan Aeronautics Ltd (HAL) | 4,470.00 | 175.00 | 4.07% |
| Data Patterns (India) Ltd | 2,498.00 | 161.95 | 6.93% |
| Paras Defence and Space Technologies Ltd | 1,072.25 | 59.95 | 5.92% |
Disclaimer: The above analysis is for informational purposes only. Readers are advised to consult a financial advisor before making any investment decisions.
