New Delhi, March 2 -- Shares of Tejas Networks, Paras Defence and Spaces, ideaForge Technology, Bharat Electronics (BEL), Hindustan Aeronautics (HAL) surged upto 15% on Monday, March 2 following heightened geopolitical tensions in West Asia, resulting in a full-scale war in the area.

According to experts, defence stocks typically respond favorably to such conflicts, as they lead to an increased need for defence equipment and the components necessary for their production.

Harshal Dasani, Business Head, INVasset PMS, explained that Defence stocks is witnessing renewed investor interest. Heightened geopolitical tensions increase the probability of higher global defence spending, faster procurement cycles, and policy prioritisation of indig...