Apollo Micro, MTAR Tech, Sigma Advanced, Paras Defence, Astra Microwave, Zen Technologies, BEML, MIDHANI, Solar Industries and Data Patterns were down in the range of 4 per cent to 6 per cent.
Ajit Mishra of Religare Broking has reiterated a cautious stance on Nifty, with 22,850, coinciding with the 20-DEMA, acting as the immediate hurdle. He has recommended HAL, IndiGo and BHEL for trade.
Vinay Rajani of HDFC Securities has recommended buy-on-dips in Nifty, as support has shifted higher to 22,580, followed by 22,300. Besides, he has also shared a bullish view on HAL and Karnataka Bank
Chandan Taparia has said Nifty has given an inside bar breakout in the previous session, indicating a strong recovery. If Nifty holds above 22,700, it may bounce towards 22,850 and then 23,000 levels.
Reports suggest that in its bid to meet the growing requirements of indigenous helicopter platforms, HAL plans to establish a second production line for Shakti engines at its Koraput facility.
Kotak Securities recommends 'Add' on Hindustan Aeronautics and 'Buy' on Honasa Consumer, citing strong order visibility and margin expansion for both the companies.
So far in 2026, the Nifty India Defence index has added 23 per cent, while it has grown 16 per cent in a year, according to data available on NSE.
Stock ideas for today: The index could now move towards the next support zone of 23,300-23,100, while any recovery is likely to face resistance around 23,600-23,800.
Till Nifty holds below 23,700, weakness could extend towards 23,500, then 23,400 levels, while on the upside, hurdles can be seen at 23,800, then 23,900 zones.
The government has approved a proposal to purchase about ₹1.1 trillion worth of military materiel, with 98 per cent of procurements to be made from Indian companies.
The Nifty India Defence index is up 27 per cent on a year-to-date (Y-T-D) basis. It remains higher by 30 per cent in a year.
The Nifty August expiry delivered the most constructive positioning setup in four months, with improving rollover, rising carry and broader sectoral leadership, says Systematix in its F&O report.
Stocks to buy today: HAL, Samvardhana Motherson and Sona BLW among three stock recommendations by MOFSL's Chandan Taparia.
Nifty India Defence index hit a new high of 9,912.75, gaining 1% in Monday's intra-day deals. The index quoted higher for the fourth straight trading day.
Aditya Birla Real Estate, Brigade Enterprises, LG Electronics, Page Industries, Solar Industries India, and Tata Motors Passenger are among the companies reporting Q1FY27 results.
Defence production has risen 140% since FY17, while private-sector output has grown 198%, as policy reforms increasingly open strategic programmes to industry.
Q1FY27 company results: Firms including Grasim Industries, Apollo Hospitals Enterprise, Astral, Petronet LNG, Sun TV Network, and GMR Airports are also to release their April-June earnings today
Q1FY27 company results: Firms including Grasim Industries, Apollo Hospitals Enterprise, Astral, Petronet LNG, Sun TV Network, and GMR Airports are also to release their April-June earnings today
Analysts said that defence sector's long-term outlook remains constructive, supported by robust order books that provide multi-year revenue visibility.
At 12:41 PM on Thursday, the Nifty India Defence index was the top gainer among thematic indices up 2.6% at 9,641.