These defence stocks cracked up to 28% from recent highs; correction over?

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.

After surging up to 123 per cent earlier this year, shares of defence stocks have witnessed a notable correction in prices on the stock exchanges, and are down up to 27 per cent from their recent highs.  Earlier in 2025, shares of Garden Reach Shipbuilders & Engineers (GRSE), Bharat Dynamics, Paras Defence and Solar Industries from the Nifty Defence index rallied in the range of 80 - 123 per cent, with GRSE as the top gainer.  Among others, Mazagon Dock Shipbuilders, Cochin Shipyard, Astra Microwave Products, Bharat Electronics and Mishra Dhatu Nigam (Midhani) gained in the range of