Thus far in the calendar year 2025, the BSE Smallcap index has underperformed the market by falling 8%, as against 9% rally in the BSE Sensex and 0.3% decline in the BSE Midcap index.
At 12:03 PM on Monday; NSE India Defence index was the top loser among sectoral indices, down 2 per cent, as compared to 0.08 per cent rise in the Nifty 50.
At 01:40 PM on Friday; Nifty India Defence index was the top gainer among sectoral indices, up 0.85 per cent as compared to 0.43 per cent decline in the Nifty 50.
Kunal Kamble, senior technical research analyst at Bonanza, is bullish on Garden Reach Shipbuilders & Engineers, IndusInd Bank, and MTAR Technologies
NSE India Defence index was quoting higher for the third straight trading day, surging 3.7% during the period, as against 0.14% decline in the Nifty 50.
R&D spending by India's defense PSUs over the next five years is slated to increase with a projected expenditure of ₹32,766 crore, exceeding ₹30,952 crore invested in the past 10 years.
Dividend stocks: Among the companies, Nuvama Wealth Management tops the list with an interim dividend of ₹70 per share
Here's the complete list of stocks that will remain in focus next week, following their dividend announcements, along with key details
Garden Reach Shipbuilders, Mazagaon Dock Shipbuilders, and Cochin Shipyard rallied up to 4 per cent today. Their share prices have jumped up to 68 per cent in 2025
At 10:35 AM, among others, shares of Cochin Spiyard were trading 2.39 per cent higher, Mazagon Dock Shipbuilders 1.25 per cent, Garden Reach Shipbuilders & Engineers (GRSE) up 4.77 per cent
The stock advanced after the company signed the following Memorandum of Understandings(MoUs) with strategic partners in the shipbuilding, port, and infrastructure sectors
At 10:32 AM; Nifty India Defence index was up 2.6 per cent, as compared to 0.28 per cent rise in Nifty 50.
Nifty India Defence index declined 2% in Friday's intra-day trade, corrected 17% from its all-time high level of 9,195.15 touched on June 6, 2025.
Thus far in the month of July, Nifty India Defence index has underperformed the market by falling 12 per cent, as against 3.3 per cent decline in Nifty 50.
Technical charts show that defence stocks such as BDL, Mazagon Dock, Cochin Shipyard, ideaForge and GRSE can fall another 18% from here; check support levels each defence shares here.
The sharp rally in defence stocks came after the Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, approved 10 major capital acquisition proposals on Thursday.