In order to stop the production of nuclear weapons, israel launched strong attacks on many nuclear installations of iran on Friday. After this, while the domestic stock market saw a huge decline and the Sensex went down by 1100 points, the shares of defense companies also rose tremendously. Amidst global international tensions, many stocks including Bharat Dynamics and Paras have seen a rise of up to eight percent.
Defense stocks run away from tension
india Forge, which is considered to be the best company to make drone technology, has seen a jump of about eight percent in its shares. HAL shares have also gone up by four percent. Apart from this, the stock of Zen technology has also jumped by four percent and is trading at a price of Rs 1981 per share. The stocks of Paras Defense and Bharat Dynamics have seen a jump of about two and a half percent. While many other stocks including Garden Reach Shipbuilders and Engineers, Cochin Shipyard, Solar Industries, Bharat Electronics have also seen a rise.
Israel's big attack
It is worth noting that the operation launched by israel against iran to stop its nuclear programs has been named 'Operation Rising Lion'. Israeli prime minister Benjamin Netanyahu said in a video message that Operation Rising lion has been started by israel some time ago. This is a target-based military action to end the growing threat from Iran.
Market experts believe that india has already taken steps towards self-reliance in the defense sector. In such a situation, amid rising geopolitical tensions, people's attention is also being drawn towards investing in the defense sector. In such a situation, India's defense market can get a big benefit in the coming days..jpg)
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