Defence Stocks Experience Significant Rally

In a remarkable week for the Indian defence sector, stocks of leading companies surged by up to 25%. This rally was sparked by Prime Minister Narendra Modi's recent emphasis on the need for Indian companies to ramp up production of defence-related equipment.

Notable Performers in the Public Sector

Cochin Shipyard led the charge with a 25% increase, followed by Bharat Dynamics at 20%, BEML with a 14% rise, HAL at 8%, and Bharat Electronics up by 11.5%.

Private Sector Contributions

Bharat Forge and Paras Defence & Space Technologies also posted impressive gains, increasing by nearly 11% and 8.6% respectively.

This upward trend in defence stocks comes amidst a ceasefire between India and Pakistan, highlighting the sector's resilience and growth potential.