Defence stocks such as Bharat Dynamics, Bharat Electronics, Hindustan Aeronautics, Solar Industries India and Paras Defence and Space Technologies surged in early trade on Wednesday as investor sentiment remained upbeat amid escalating tensions in the West Asia
Shares of Bharat Electronics (BEL) traded flat at ₹454.20 on the NSE at 10.53 am, after rising 1.5 per cent to an intraday high of ₹460.85 compared with the previous close of ₹453.95.
Bharat Dynamics (BDL) gained 2 per cent in early trade to hit ₹1,294.90, supported by expectations of higher missile and ammunition orders in a heightened geopolitical environment.
Paras Defence emerged as the top gainer among the pack, rallying 12 per cent to ₹749.85, as investors bet on increased domestic defence procurement and export opportunities. The company has signed an MoU with Green Optics Co. Ltd., South Korea.
Market participants said sustained geopolitical uncertainty has strengthened the investment case for Indian defence manufacturers, with expectations of accelerated government spending, stronger order inflows and improved revenue visibility across the sector.