New Delhi, March 30 -- Defence stocks were in focus on Monday, March 30, following Defence Minister Rajnath Singh's approval of agreements totaling approximately Rs.2.38 lakh crore the previous week. Shares of Garden Reach Shipbuilders & Engineers climbed by 4%, while Astra Microwave Products increased by 3.5%.

Cochin Shipyard witnessed a rise of 2.2%, Paras Defence and Space Technologies saw a gain of 2.5%, and Bharat Dynamics rose by 1.3%. At the same time, Hindustan Aeronautics (HAL) also saw an uptick, rising by 1%.

Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, said that defence and shipping stocks witnessed a strong start following positive developments over the weekend in the defence space; however, most st...