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.
India and Israel on Wednesday concurred to work towards developing an "institutional framework" for further deepening their defence ties. Defence Secretary Rajesh Kumar Singh held a bilateral meeting with Director General, Israel's Ministry of Defence, Major General (Res) Amir Baram in New Delhi during which the two sides agreed to further strengthen the bilateral defence cooperation with a "long-term perspective", officials said. "They concurred to work towards developing an institutional framework for further deepening of defence ties," the Indian defence ministry said in a statement. The Israel DG condemned the April 22 terrorist attack in Pahalgam and conveyed "full support for India's fight against terrorism", it said. Singh reiterated India's zero-tolerance approach to terrorism, condemned the October 7, 2023 terror attacks on Israel and called for the release of all hostages. The two sides also reviewed the progress of the ongoing defence collaboration activities since the
BDL stock: Despite correction from its record high level, thus far in the calendar year 2025, Bharat Dynamics stock has outperformed the market by surging 50%, as against 4% rise in the BSE Sensex.
The trial was carried out by the Army Air Defence along with senior officials of the Defence Research and Development Organisation, which has developed the system
The private industry has welcomed the Amca execution model, under which both private and public Indian defence firms have been given equal opportunity to compete for developing the fighter's prototype
The northward move in the Unimech Aerospace share price came after domestic brokerage Anand Rathi raised its target price to ₹1,610 per share, from ₹1,315 earlier.
Shares of Ideaforge Technology moved higher by 4% to ₹654.40, bouncing back 9% from its intra-day low of ₹603 on the BSE on Tuesday.
Defence stocks fall after the US President Donald Trump announced a "complete and total" ceasefire between Israel and Iran, signalling a potential end to the escalating conflict in West Asia.
Defence stocks look promising due to the ongoing geopolitical tussle between Iran and Israel; moreover, the Indian government is likely to enhance defence spending over the next decade.
Avantel rose rose over 7 per cent after the firm bagged multiple orders totalling ₹24.73 crore from domestic entities
BEL share price: With a market cap of ₹3.03 trillion, BEL stands at 25th position in the overall market cap ranking of the BSE listed companies
AXISCADES Technologies shares were up 5% at ₹1,413.50, trading higher for the fifth straight day, having appreciated by 91% from the April low of ₹741.70.
DCX Systems shares rose 2 per cent after it won new export and domestic orders worth ₹28.59 crore for the supply of cable and wire harness assemblies
Shares of Sika Interplant Systems (SIKA) hit a new high of ₹1,537.30, as they surged 10 per cent on the BSE in Wednesday's intra-day trade on healthy business outlook.
Axiscades Technologies shares surged after the company signed a strategic agreement with Spain-based Indra to jointly produce aerospace and defence solutions.
Technical charts show that HAL and BEL have zoomed around 1,000 per cent in little more than 5 years post a significant breakout on the monthly scale.
At 09:3 AM; Nifty India Defence index, the sole gainer among sectoral indices, was up 0.64 per cent, as compared to 1.1 per cent decline in the Nifty 50.
Since March 27, Force Motors share price appreciated by nearly 50% after the company said it has to deliver 2,978 Force Gurkha light vehicles (GS 4X4 800 kg Soft Top) to the Indian Defence Forces.
India's annual defence production reached a record ₹1.46 trillion in FY25 - up almost 15 per cent over the previous high of ₹1.27 trillion in FY24