Share price of Apollo Micro Systems hit a new high of ₹368.70, rallied 25 per cent in the past three trading days on the BSE.
MTAR Technologies hit a new high of ₹7,404.95, skyrocketing 543 per cent from its April 7, 2025 price of ₹1,152 on the BSE.
Here are some defence news in briefs from around the world, as featured in Blueprint May 2026 edition
Precision-guided missiles matter more than ever
Forgings and defence equipment major Bharat Forge Ltd on Thursday reported a 17 per cent decline in consolidated net profit at Rs 233.45 crore in the fourth quarter ended March 31, 2026, impacted by exceptional outgo due to the new labour code and impairment on investment in a subsidiary. The company had posted a consolidated net profit of Rs 282.62 crore in the corresponding quarter of the previous fiscal, Bharat Forge Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at Rs 4,528.04 crore as against Rs 3,852.6 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 4,089.33 crore as compared to Rs 3,483.04 crore in the same period a year ago, the company said. Bharat Forge said it incurred a total exceptional outgo of Rs 98.73 crore in the fourth quarter due to impairment of investment in subsidiary, impact of labour code and incidental expenses on restructuring of its German arm, Bharat Forge C
The Defence Research and Development Organisation (DRDO) has opened registrations for its 2026 internship programme, with registrations underway until May 15
The Nifty India Defence index hit an intra-day high of 9,093.20, up 1.3 per cent on the NSE in intra-day deals, and was inching towards its 52-week high of 9,159.55 touched on June 24, 2025.
Company to provide indigenous AI-powered counter-unmanned aerial systems called SURGE
IG Defence showcases indigenous long-range KAL drone and JWALA missile system, highlighting the growing role of private players in next-generation warfare technologies
Shares of Ideaforge Technology locked were locked at the 20 per cent upper circuit, also its 52-week high, at ₹731.10 on the BSE in Monday's intra-day trade post March 2026 quarter results.
JM Financial Institutional Securities maintains 'Buy' rating on HAL with a target price of ₹4,875.
The Pentagon labeled the AI start-up, which is widely used across the Department of Defense, a supply-chain risk earlier this year, barring its use by the Pentagon and its contractors
MTAR, as Bloom's key supplier of critical hot box assemblies (commanding 60-70 per cent wallet share), is not merely a beneficiary of this theme but an irreplaceable enabler of it, MOFSL said.
Among defence public-sector undertakings (DPSUs), DAM Capital said that it prefers Hindustan Aeronautics and Bharat Electronics.
With strong policy environment, rising defence allocations, increasing indigenization and a clear shift towards advanced electronics and systems, Data Patterns is well-positioned to benefit.
In a world where peace can no longer be taken for granted, Sourisse, who heads a global defence major, tells Veenu Sandhu why strategic autonomy is more critical now than ever
Thus far in the month of April, Nifty India Defence index has outperformed the market by surging 8 per cent, as against 3 per cent gain in Nifty 50.
Among the defence stocks, Paras Defence, Bharat Dynamics, Apollo Micro Systems, BEML, Midhani, Bharat Electronics and Astra Microwave gained between 8% and 10% in Wednesday's intra-day trade.
Shares of Sunita Tools were locked in the 5 per cent upper circuit at ₹1,075.20, also its new life-time high on Thursday on the BSE.
IG Defence unveils 'Project KAL', an indigenous long-range strike drone capable of carrying explosive payloads up to 1,000 km, aimed at boosting India's unmanned warfare capabilities