Shares of defence companies surged in early morning trade on Tuesday amid sustained buying interest in the sector. At 9:42 AM, stocks like Bharat Dynamics (BDL), Garden Reach Shipbuilders (GRSE), and Mazagon Dock (MAZDOCK) were among the top gainers on the NSE.
BDL rose 3.87% to ₹1,983.30, gaining ₹73.90. GRSE surged 3.89% to ₹2,833.30 while Mazagon Dock advanced 3.09% to ₹3,660.00.
Other major gainers included:
-
Hindustan Aeronautics Ltd (HAL), up 1.93% at ₹5,099.70
-
BEML, up 1.74% at ₹4,354.20
-
Astra Microwave, up 2.09% at ₹1,088.00
-
Avantel, up 2.60% at ₹131.84
-
Apollo Micro Systems, up 2.38% at ₹142.11
Defence electronics and component makers also saw traction:
-
Paras Defence gained 1.15% to ₹1,643.10
-
Data Patterns added 1% at ₹2,853.00
-
Bharat Electronics (BEL) inched up 0.79% to ₹387.60
-
Zen Technologies moved 0.48% higher at ₹1,886.80
-
Solar Industries traded up 0.21% at ₹15,918.00
The overall sentiment remained upbeat in the defence segment, buoyed by steady order flows and government focus on indigenisation and exports in the sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisors before making any investment decisions.