Mumbai/IBNS, March 2 -- Shares of Indian defence companies such as Paras Defence and ideaForge surged sharply on Monday amid escalating geopolitical tensions in the Middle East, media reports said.

The rally in defence shares comes against the backdrop of a sharp escalation in hostilities in West Asia.

According to reports, Hezbollah launched fresh attacks on Israel, claiming retaliation for the killing of senior Iranian leadership figures. Israel, in response, said its forces carried out targeted strikes on Hezbollah militants in Beirut and southern Lebanon.

The broader Iran-Israel conflict intensified on February 28, 2026, after the United States and Israel reportedly carried out coordinated military strikes targeting Iranian militar...