CHARGING AHEAD

THE DREAM RUN OF DEFENCE STOCKS IS LIKELY TO CONTINUE FOR A WHILE

- BY NACHIKET KELKAR

Operation Sindoor demonstrated the advancement India's armed forces have made in developing and deploying the latest technology. The successes in the battlefield have accelerated an already strong rally in the stocks of defence-related companies on the Dalal Street.

As of June 10, the NSE Nifty India Defence Index surged more than 37 per cent in 2025. In contrast, the broader Nifty50 index gained just over 6 per cent in the same period. Individual defence stocks have been among the biggest gainers on the market this year. While Hindustan Aeronautics is up 22 per cent, Mazagon Dock has surged 53 per cent, Paras Defence & Space has sky rocketed as much as 60 per cent and Garden Reach Shipbuilders & Engineers has doubled. Solar Industries and Bharat Dynamics have gone up 70 per cent and Bharat Electronics 35 per cent.