India-Israel deal, Feb. 26 -- Israel's defence company Elbit Systems' stock price surged 2.5% to 2,35,490 ILA in Thursday's trading session, on India-Israel defence deal buzz. The stock rallied despite the Tel Aviv index falling by over 1.16% on February 26.

The defence PSU stock has delivered positive gains of over 2.3% in the past five sessions and 4.5% in a month. Zooming out further, the stock has delivered multibagger returns of 440% over the past 5 years.

The rally in the Elbit Systems shares came ahead of India and Israel signing a new defence deal.

According to The Times of India report, the deal between both countries is expected to involve agreements in the offensive weapons segment, covering Rafael Advanced Defence Systems' ...