Hal, Bdl, Bel, Paras Defence, Grse, Cochin Shipyard, Mazagon Dock Shares in Focus Amid India-pak Tensions

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Shares of defence makers including Hindustan Aeronautics (HAL), Bharat Dynamics (BDL), Bharat Electronics Ltd (BEL) and Paras Defence are successful attraction connected Wednesday aft Indian missiles deed 9 targets successful Pakistan and Pakistan-occupied Kashmir (POK) successful retaliation to nan Pahalgam panic onslaught that killed 26 civilians.

HAL is simply a Bengaluru-based aerospace PSU that builds LCA Tejas and Sukhoi Su-30MKI. BDL is simply a starring shaper of guided missiles, underwater weapons, and allied defense instrumentality for nan Indian Armed Forces, including Akash missiles. BEL is engaged into making defence connection products, land-based radars, naval systems and electronic warfare systems. 

Data Patterns, BEML, Garden Reach Shipbuilders and Engineers, Mazagon Dock Shipbuilders, and Cochin Shipyard are immoderate different defence stocks that are successful attraction today.  

A full of 9 strategically selected sites — identified arsenic cardinal hubs for readying cross-border panic operations — were struck. It is suggested that nan cognition was focused, measured, and non-escalatory, arsenic nary Pakistani subject accommodation were targeted.

Defence stocks were gaining tractions moreover since nan India-Pakistan tensions flared up.  

Nuvama successful statement past period said it sees $130 cardinal defence opportunity complete nan adjacent 5 years. "Air Force and Navy would relationship for nan bulk of it owed to nan request for modernisation drives for their arsenals and larger programs/systems (LCA Mk-IA & Mk-II, AMCA, IMRH, QRSAM, Astra Mk-I & Mk-II, P-75I, etc). This makes up a important portion of DPSUs’ pipeline of Rs 8.7 lakh crore," it said.

Ongoing modernisation programs for Su-30, MiG-29 and Mirage-2000 are focused connected upgrading avionics, high-power/AESA radars, upgraded missiles (Astra, BrahMos, etc), physics warfare suites and engines, among others, it said.

"We for illustration nan sub-segment Defence Electronics, which is expected to turn 1.5–2x of defence fund outlay (7–8 per cent CAGR complete adjacent 5 years) fixed ongoing modernisation efforts (major reforms expected successful CY25) and larger programs successful nan pipeline for Air Force and Navy," nan brokerage said past month.

Published on: May 7, 2025 9:00 AM IST