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Time of India
8 hours ago
- Business
- Time of India
Defence stocks rally up to 3% amid Iran-Israel tensions, investors eye sectoral boost, geopolitics fuel long-term export optimism
Defence and aerospace stocks saw renewed momentum in Tuesday's intraday trading session as intensifying geopolitical tensions in the Middle East and expectations of a higher defence allocation in the upcoming budget spurred investor interest. Leading the gains was Data Patterns (India) Ltd, which surged 3% to a day's high of Rs 3,049.50. Bharat Dynamics Ltd (BDL) followed closely with a 2.8% rise to Rs 1,940.70. BEML shares rose 2.2% to Rs 4,473.00, while Hindustan Aeronautics Ltd (HAL) climbed 1.6% to touch Rs 5,130.50, according to an ET report. The surge comes amid rising tensions between Iran and Israel, pushing investors toward sectors considered resilient during geopolitical crises. Market watchers believe the current situation may also accelerate government defence spending plans. Sankhanath Bandyopadhyay, Economist at Infomerics Valuation and Ratings, noted, 'Defence stocks look promising due to the ongoing geopolitical tussle between Iran and Israel. Moreover, the Indian government is likely to enhance defence spending from the current 2% of GDP to 3–4% over the next decade.' He added that the Centre's aim to achieve Rs 25,000 crore in defence exports by FY26 provides further support to stocks with export-oriented operations. The heightened global uncertainty has strengthened the outlook for companies catering to military and aerospace demand, analysts said. Cautioning investors, Bandyopadhyay said, 'In the current scenario, geopolitical tensions will likely be lingering between different countries, especially as being reflected in rising tensions in the Middle East. Investors should carefully assess the financials and outlook of such stocks before investing, and there should be a judicious mix so that a healthy dividend can also be earned.' The rally also reflects growing confidence in India's indigenous defence manufacturing sector, which has been prioritized under the government's Atmanirbhar Bharat initiative. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-05-2025
- Business
- Time of India
Defence stocks rally for second day amid India Pakistan tension
Defence-related stocks extended their gains for a second consecutive session on Monday, buoyed by broader market optimism and rising expectations of increased government focus on the defence sector. Shares of Axiscades Technologies jumped 5 per cent, while Data Patterns (India) Ltd rose 3.88 per cent. Mishra Dhatu Nigam Ltd gained 3.40 per cent, and Bharat Electronics Ltd rallied 2.23 per cent. Other notable gainers included DCX Systems, which advanced 1.61 per cent, and Garden Reach Shipbuilders & Engineers Ltd, up 1.37 per cent on the BSE. Drone manufacturing companies also saw strong interest. Ideaforge Technology Ltd surged 6.09 per cent, and Droneacharya Aerial Innovations rose 4.99 per cent, news agency PTI reported. The rally in defence stocks mirrored a sharp rebound in the broader market. The benchmark 30-share BSE Sensex soared 2,975.43 points, or 3.74 per cent, to settle at a seven-month high of 82,429.90. During the day, it spiked 3,041.5 points, or 3.82 per cent, to an intraday high of 82,495.97. Similarly, the NSE Nifty 50 jumped 916.70 points, or 3.82 per cent, to close at 24,924.70, after touching an intraday peak of 24,944.80, up 936.8 points. The positive sentiment in defence stocks followed recent geopolitical developments. India and Pakistan announced on Saturday an understanding to halt all military actions across land, air, and sea borders, a move expected to ease tensions. This came after India launched 'Operation Sindoor' on May 7, targeting nine terror infrastructure sites in Pakistan and Pakistan-Occupied-Kashmir in response to the recent terror attack in Pahalgam. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
