The defence sector witnessed a mixed trend in early trading hours on January 13, 2025, with some stocks rallying while others faced declines. Here’s a detailed update:
Top Gainers
- Apollo Micro Systems: The standout performer in the defence sector today, Apollo Micro Systems surged 6.7% to trade at ₹127.35. The stock’s momentum continues to reflect investor interest in the company’s innovative solutions and expanding footprint in the defence sector.
Major Losers
- Mazagon Dock Shipbuilders: One of the biggest losers in the sector, Mazagon Dock slipped 2.87% to ₹2,159.25, reflecting subdued sentiment after recent highs.
- Zen Technologies: The stock fell sharply by 4.79% to ₹2,340.65, marking one of the steepest declines in the sector.
- BEML: Another major decliner, BEML was down 2.22%, trading at ₹3,620.00.
Other Notable Performances
- Bharat Electronics (BEL): The stock slipped by 1.05% to ₹268.15.
- Hindustan Aeronautics (HAL): HAL declined by 1.03%, trading at ₹3,959.30.
- Data Patterns: The stock fell by 2.83% to ₹2,171.05.
- Bharat Dynamics (BDL): BDL dropped by 3.05% to ₹1,163.80.
Sector Overview
The defence sector, which has been a focus area for government initiatives and private investments, continues to see volatile movements driven by news flows and broader market trends. While Apollo Micro Systems led the gains today, the overall sentiment in the sector leaned bearish, as several prominent players like Zen Technologies and Mazagon Dock faced significant selling pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to conduct their own research or consult a professional advisor before making any investment decisions.
