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
BEL is a manufacturer and integrator of radars, communication systems, EW suites, and avionics
Crisil Ratings believes that the Belrise group will maintain its strong position in the auto components industry backed by its established customer relationships and a diversified product portfolio.
Thus far in the calendar year 2026, BEL has outperformed the market by surging 16%, as compared to 6.6% decline in the BSE Sensex.
Share price of Data Patterns (India) rallied 9.5 per cent today to hit a high of ₹3,190 on the NSE in the intraday trade
The increasing role of modern air warfare and local production of the HAMMER is expected to increase India's stand-off strike capability and fulfil the demand for the future
The draft also proposes monitoring timelines from the request for information (RFI) stage onwards, alongside the planning of concurrent activities, to compress overall acquisition timelines