Defence stocks slide for fifth straight session
Mumbai, Sept. 16 -- The index has now fallen 8.69% over these five sessions.
Apollo Micro Systems led the fall, dropping 5.37%. MTAR Technologies slid 3.12%. Axiscades Engineering Technologies fell 2.14%. Garden Reach Shipbuilders & Engineers and Solar Industries also declined, down 1.47% and 1.43% respectively.
Not all stocks were in the red. Astra Microwave Products rose 2.45%, while Bharat Electronics gained 1.42%. Cochin Shipyard edged up 0.06%, Bharat Forge added 0.21%, BEML rose 0.04%, and Aequs India was marginally higher at 0.16%, bucking the otherwise weak session.
The 30-day picture shows the depth of the correction across the sector. Bharat Dynamics has fallen 19.12% over the past month, the steepest decline among index cons...
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