"Defense Stocks Surge Amid India-Pakistan Tensions: Paras Defence, GRSE Up 10%, HAL Rises 5%"

Defense stocks are experiencing a sharp rise, with Paras Defence and GRSE shares climbing over 10% due to escalating India-Pakistan tensions. HAL stock also sees a 5% increase, reflecting investor optimism amid the geopolitical situation.

Defense Stocks Soar Amid Possibility of Action Against Pakistan Following Pahalgam Terror Attack

Following the Pahalgam terror attack, there is speculation that India might take strong action against Pakistan, leading to a sharp rally in defense company stocks.

On Monday, shares of defense companies such as Paras Defence, Garden Reach Shipbuilders (GRSE), Hindustan Aeronautics Limited (HAL), and Bharat Dynamics Limited (BDL) surged by up to 12%. Experts believe that the government may take strict steps against Pakistan, which could lead to increased procurement of defense equipment like missiles, drones, and naval gear. As a result, there is heavy buying in defense stocks. Additionally, India is expected to sign a deal with France today for the purchase of 26 Rafale Marine aircraft.

Paras Defence and GRSE Shares Jump Over 10%

Among defense stocks, Paras Defence witnessed the highest surge of around 12%. HAL shares rose by 5.59%, while BDL shares gained 6.69%.

After the successful test of the Indian Navy's anti-ship missile, Cochin Shipyard shares climbed by 7.21%. Meanwhile, Mazagon Dock Shipbuilders rose 6.55%, and Garden Reach Shipbuilders (GRSE) jumped 10%.

India Signs Deal with France for 26 Rafale Marine Aircraft

Today, India signed a deal with France for the purchase of 26 Rafale Marine aircraft. The agreement was signed between the defense ministers of both countries. Under this deal, India will procure 22 single-seater and 4 double-seater aircraft from France.