Defence-related stocks continued their upward momentum on Wednesday, buoyed by heightened demand in the wake of ongoing geopolitical tensions. Shares of Mishra Dhatu Nigam Ltd soared 15.12 percent on the BSE, leading the gains in the sector.
Other notable gainers included Axiscades Technologies (up 5 percent), Paras Defence (4 percent), Hindustan Aeronautics (3.47 percent), Data Patterns (2.93 percent), Bharat Electronics (2.56 percent), Astra Microwave Products (2.26 percent), and Bharat Dynamics (1.16 percent). Drone manufacturers also witnessed buying interest, with Droneacharya Aerial Innovations gaining 2 percent and Ideaforge Technology rising 0.86 percent.
The broader market ended on a positive note, with the BSE Sensex climbing 182.34 points or 0.22 percent to close at 81,330.56. The NSE Nifty advanced 88.55 points or 0.36 percent to settle at 24,666.90.
Defence stocks have remained in focus since last week, posting gains on Friday, Monday, and Tuesday as well. The rally comes amid investor interest following India’s military strikes on terror sites in Pakistan on May 7, carried out under Operation Sindoor, escalating tensions between the two nations.
