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Business Standard
09-05-2025
- Business
- Business Standard
Bharat Dynamics, HAL, GRSE spike up to 5% amid Indo-Pak border tensions
Defence stocks: Defence-related stocks gained up to 4.8 per cent in trade on Friday, May 9, 2025, amid escalating border tension between India and Pakistan. On Thursday, Pakistan fired eight missiles directed at Satwari, Samba, RS Pura, and Arnia, all in Jammu & Kashmir, which were all intercepted or neutralised by air defence units, according to reports. At 10:20 AM, individually, shares of Bharat Dynamics were up 3.31 per cent, Hindustan Aeronautics (HAL) were up 2.34 per cent, Paras Defence and Space Technologies were up 2.08 per cent, Bharat Electronics were up 3.41 per cent, Mazagon Dock Shipbuilders were up 1.56 per cent, Astra Microwave Products were up 3.21 per cent, Garden Reach Shipbuilders & Engineers were up 2.2 per cent, and Cochin Shipyard were up 0.12 per cent. Analysts believe 'Operation Sindoor' is likely to put the focus on the pace of execution in the defence companies. "Defence companies already have large order books which will get even larger," said Dr. Vikas Gupta, CEO & chief investment strategist, OmniScience Capital. He added: These companies are likely to be given aggressive execution targets which are likely to start becoming visible in a few quarters and a 1-3 years timeline, thus possibly boosting revenues and earnings forecast. However one should be careful to invest only at attractive valuations and in those which pass the scientific investing criteria'. Operation Sindoor updates Pakistan fired eight missiles directed at Satwari, Samba, RS Pura and Arnia, all in Jammu & Kashmir, which were all neutralised by air defence units. Indian security forces also detected Pakistani drones and munitions over Jammu city, Pathankot, and Jaisalmer. Armed forces targeted air defence radars and systems at multiple locations within Pakistan, neutralising at least one such system in Lahore. This was after thwarting Pakistan's bid to strike several military targets in northern and western India, including Srinagar, Amritsar, and Chandigarh, using drones and missiles. According to ANI report, Jammu & Kashmir Chief Minister Omar Abdullah is heading to Jammu to take stock of the situation after last night's failed Pakistani drone attack directed at Jammu city and other parts of the division. Track LIVE updates What is Operation Sindoor? Operation Sindoor was launched by India against Pakistan to limit its capacity to sponsor cross-border terrorism. In this operation, the Indian armed forces successfully destroyed nine terror centres operating in Pakistan and Pakistan-occupied Kashmir (PoK). This was India's precise response to the Pahalgam terror attack that killed 26 individuals. Reports suggest that the title of the operation was chosen by Prime Minister Narendra Modi.
United News of India
09-05-2025
- Politics
- United News of India
All missiles from Pakistan intercepted, Pakistani drones fired at Jammu blocked: Defence sources
Jammu, May 8 (UNI) Panic gripped Jammu city late on Thursday evening when powerful explosions were heard from different parts of the city. Air raid sirens went off and there was a complete blackout when drones launched by Pakistan were seen as blinking red lights in the sky. Defence sources here said that eight missiles from Pakistan were directed at Satwari, Samba, Ranbir Singh Pura and Arnia. They said that all the missiles were intercepted and blocked by air defence units. 'Drones were sighted at multiple places along the western front – confirmed to be hostile, and are being effectively engaged by own air defence systems,' he informed. Defence sources further said that Pakistani drones along the western border at various locations were also reported and added that they were effectively engaged by the Indian Armed Forces. Sources denied the inputs with respect to suicide attack by terrorists in Pathankot or Rajouri, terming it completely false. They also said there was no movement of tanks on either side. Meanwhile, after a nearly two-hour-long blackout, power supply was restored in Jammu city. Amid the prevailing tense situation, authorities on Thursday announced that schools, colleges and universities will remain closed across Jammu and Kashmir on Friday and Saturday. UNI VBH ARN RN
