Defence stocks are witnessing strong gains ahead of the Union Budget 2025, driven by expectations of increased defence allocations and policy support. As of 10:32 AM, Zen Technologies led the sector rally, surging 6.37% to ₹1,852.00, reflecting investor optimism for defence tech players. Data Patterns followed with a 3.29% rise to ₹2,279.95, while Hindustan Aeronautics Limited (HAL) climbed 2.39% to ₹4,031.00.
Other key defence stocks also posted notable gains. Paras Defence was up 2.25% at ₹1,161.45, while Garden Reach Shipbuilders (GRSE) gained 2.28% to ₹1,661.20. BEML advanced 2.09% to ₹3,925.05, and Astra Microwave also saw a 2.09% rise to ₹758.20.
Bharat Electronics (BEL) was up 2.07% at ₹1,330.65, and Bharat Dynamics (BDL) gained 1.97% to ₹1,330.65. Shipbuilding companies like Mazagon Dock (Mazdock) also moved higher, rising 1.15% to ₹2,527.20.
The positive sentiment across the defence sector is fueled by expectations of increased defence capex and policy reforms aimed at boosting domestic manufacturing under the ‘Make in India’ initiative. Investors are closely monitoring potential announcements related to procurement of new equipment, expansion of indigenous defence capabilities, and incentives for private defence players.
(Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisors before making any investment decisions.)
