New Delhi, March 20 -- The sell-off in Nasdaq-listed T3 Defense, a defence-focused platform company acquires and scales mission-critical defence businesses in the United States and Israel, has further deepened, with the stock hitting new lows with each passing day, even as tensions in the Middle East remain elevated.

Defence stocks generally witness strong demand during periods of geopolitical tension, but investors have largely avoided T3 Defense on Wall Street, leading to a significant decline in its share price. In today's session, March 20, the stock has further crashed 10.4% to $0.95 apiece, falling below $1 for the first time, bringing its month-to-date drop to 59%.

In October last year, the stock showed strength by crossing $15 a...