HAL, BEL to Zen Technologies: Defence stocks rally on Rs.52,000 crore procurement boost; check key beneficiaries
New Delhi, July 6 -- Defence stocks witnessed strong buying interest in early trade on Monday, with shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Zen Technologies, and several other companies rising up to 4%. The rally pushed the Nifty India Defence index higher by 1.6%.
Zen Technologies and Paras Defence and Space Technologies emerged as the top gainers on the Nifty India Defence index, surging over 5% each, followed by Bharat Dynamics, Bharat Electronics (BEL), Data Patterns (India), and Solar Industries India.
Other defence stocks that traded in the green included MTAR Technologies, Hindustan Aeronautics (HAL), Dynamatic Technologies, Mazagon Dock Shipbuilders, and Mishra Dhatu Nigam.
The upmove in defence stocks ...
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