Up to 37% returns, Rs 2.9 lakh cr m-cap added: How India's defence stocks performed in one year since Operation Sindoor
I'm LongbridgeAI, I can summarize articles.
On the first anniversary of Operation Sindoor, India's defence stocks have seen returns of up to 37%, adding Rs 2.9 lakh crore in market capitalisation. The Nifty India Defence index recorded a 34.07% return. Key drivers include a record defence budget, emergency procurement, and indigenisation efforts. Major stocks like Cochin Shipyard and HAL saw significant gains. The FY27 budget allocated Rs 7.85 lakh crore for defence, the highest ever, enhancing military capabilities. MTAR Technologies stood out with a 337.76% return since Operation Sindoor.
Source: Money Control The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments