Defense stock price soars on sector optimism

businesstoday.in

A defense stock reached a record high today, surging 20% and up 74% in the last month, driven by strong investor interest. The stock closed at Rs 1,816.80, fueled by a recent Memorandum of Understanding with an Israeli drone company and broader positive sentiment in the defense sector. Market analysts offer mixed opinions, with some suggesting further gains. This surge follows increased focus on military self-reliance and Prime Minister Modi's recent address emphasizing India's defense capabilities after Operation Sindoor. The company specializes in defense and space engineering products.


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