Paras Defence, Data Patterns, BEL, HAL and more: Why are defence stocks on fire today? Check sector outlook
New Delhi, Sept. 17 -- Defence stocks were in the spotlight on Thursday, 17 September, as investors stepped in for value buying, while the sector continued to draw attention because of its long-term growth prospects.
The gains were broad-based, with names across defence manufacturing, electronics, aerospace and engineering companies moving higher even as the benchmark Nifty remained flat.
Paras Defence and Space Technologies jumped 4.5% to Rs.1,379.10, leading the gains among the defence counters in focus. Data Patterns rose 4.2% to Rs.4,506.05, while MTAR Technologies advanced 3.8% to Rs.7,060.
BEML added 3.6% to Rs.2,066.05, and Apollo Micro Systems gained 3.5% to Rs.382.90.
Among other stocks, GRSE rose 2.3%, while Bharat Forge and...
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