For the first time after the announcement of ceasefire between india and pakistan, prime minister Narendra Modi, in his address to the nation on May 12, on one hand attacked pakistan fiercely, while on the other hand, he emphasized on Made in india weapons in military equipment. On May 13, the very next day of his address, the shares of government companies manufacturing military equipment jumped tremendously. The Nifty india Defense Index jumped by about 4 percent to 7,416. Bharat Dynamics (BDL) shares were the biggest gainers, jumping 7 percent to 1,683.90. Bharat Dynamics is a private sector company, but it has received an order to make the akash missile system.
Shares of defense companies jumped
In such a situation, the latest comment on the akash missile has brought new enthusiasm in the shares of this company. Similarly, shares of BEML, Bharat Electronics and Hindustan Aeronautics (HAL) saw a rise of 4.3 percent. Shares of Zen Technologies and Cochin Shipyard also rose by about 4 percent, while Mazagon Dock Shipbuilders jumped by 3.6 percent. Shares of GRSE also jumped by 3 percent while Paras Defense rose by 2.7 percent.
Shares of government companies jumped due to PM's address
Addressing the nation for the first time after Operation Sindoor, PM Modi said that the indian army has made the whole world realize its strength through its mission. They have also proved our superiority in the new war era. PM Modi said that during this operation, Made in india weapons also proved themselves. Today the whole world is a witness to the fact in the 21st century that the time has come for Made in india in defense equipment.
Air Marshal AK Bharti said that all army cantonments and systems are fully operational. We are fully prepared to face any kind of challenges in the future. It is worth noting that India's defense exports stood at a record Rs 23,622 crore in the financial year 2025, which is 12 percent more than last year. Defense minister Rajnath Singh has already said that defense exports will be increased to Rs 50,000 crore by 2029.
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