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What's next for defence stocks?
Mint Chennai
|May 08, 2025
The defence sector has come into sharp focus following India's retaliatory attacks targeting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu & Kashmir early Wednesday.
As during any cross-border conflict, the escalating tensions between the nuclear-armed neighbours are likely to boost earnings for domestic defence companies. A strong and resilient export outlook further strengthens the sector's prospects, said experts.
Since the terror attack on tourists in Pahalgam on 22 April, the Nifty Defence index has increased 2.99%, significantly outperforming the Nifty 50, which has gained 1.2% over the same period. After India's attacks, code-named 'Operation Sindoor', the Nifty 50 and Sensex held strong despite early jitters, ending the day's trading session in the green.
This story is from the May 08, 2025 edition of Mint Chennai.
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