Defence stocks surged by as much as 7% on Tuesday after Prime Minister Narendra Modi, in his address to the nation on Monday following the halt in military operations between India and Pakistan, urged for “Made In India” defence equipments. Modi also emphasized the need for increased self-reliance in the military, following India’s initiation of Operation Sindoor in response to the Pahalgam terrorist attack on April 22.
Bharat Electronics (BEL) shares rose by 4.5%, reaching an intraday high of ₹337.30 each during trading on Tuesday. Bharat Dynamics share price experienced a gain of 7.8%, touched an intraday high of ₹1,692.35. In addition, Hindustan Aeronautics shares (HAL shares) jumped by 4%, reaching an intraday high of ₹4,617 per share. Solar Industries experienced a rise of 2.2%, hitting intraday highs of ₹13,583.70. Mazagon Dock Shipbuilders shares climbed by 4%, reaching an intraday high of ₹3,022.30 each on the BSE.
