Defense stocks: Defense stocks are seeing a boom amid the increasing struggle between India and Pakistan. The terrorist attack in Pahalgam in Kashmir was avenged by the Indian forces through Operation Sindoor. 9 terrorist bases of Pakistan and PoK were demolished in this operation on Wednesday night. After this action, the conflict between the two countries has increased. Despite this increased tension between the two countries, the Indian stock market is trading on the green mark. Especially the shares of the defense sector are seeing a boom.
These defense shares are seen in the boom
On Thursday, the price of India Dynamics increased by 3 percent to ₹ 1,492.90. The share of the Majgaon dock shipbuilders rose by 2.45 per cent to trade at Rs 2886.50. At the same time, the stock of Hindustan Aeronautics rose 0.58 per cent to Rs 4496. In addition, garden Reach Shipbuilders and Engineers saw a 2 percent increase. While Cochin Shipyard shares were up 1.62 percent. The Nifty Defense Index saw an increase of 1.10 percent on Thursday.
Profit book also
Defense stocks have been strengthened since the terrorist attack in Pahalgam. However, some investors are potentially making profits or taking a cautious stance due to existing geopolitical stresses. In addition, analysts say the high valuation of these shares is motivating some investors to stay sideline.
Operation is still going on
Let me tell you that there was a cowardly terrorist attack in Pahalgam on 22 April, in which 26 Indian tourists were killed. As a retaliation, India carried out Operation Sindoor on 7 May. The conflict between the two countries has increased after this operation. On Thursday afternoon, the government said that this operation is still going on. In such a situation, defense companies can focus on their operations more rapidly, the effect of which is visible in the shares of these companies.
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