Defence Stocks Rally Over Indigenous Manufacturing Push

The conflict with Pakistan also alluded to the fact that it is critical to achieve self-reliance in defence manufacturing.

- TDG NETWORK

Indian defence sector stocks, which had recently corrected from their highs, have again been soaring over the past weeks, much of it due to the recent flare-up of tensions with Pakistan. The successful display of India's indigenously developed systems against the adversary last week also lent support to the defence stocks basket.

The conflict with Pakistan also alluded to the fact that it is critical to achieve self-reliance in defence manufacturing.

The Nifty India Defence index has climbed over 30 per cent over the past three months, reflecting investor confidence in the strategic importance and commercial growth of India's domestic defence sector.

The Nifty India Defence index tracks listed companies that derive a significant proportion of their revenues from the sale of defence-related products and services.