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India Launches Operation Sindoor: Defence stocks including HAL, BEL, Bharat Dynamics and others are in focus after the military operations against terrorist infra.
Operation Sindoor: Defence stocks are in focus on Wednesday.
Defence Stocks: Defence stocks are under the spotlight today, May 07, amidst the heightened tensions between India and Pakistan. Under the ‘Operation Sindoor’, India targeted terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK) on May 07. It was a retaliatory measures against the terrorist attacks on Indian tourists in Pahalgam, Kashmir in which 26 lives were lost.
Defence stocks including Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics, Data Patterns, Mazagon Dock Shipbuilders, Paras Defence and other are in the focus followed the heightened tensions.
Defence Nifty index traded in green with a gain of 0.49 per cent at 7,044.85 at the time of writing this report.
GRSE stock jumped 6% to Rs 1942 apiece, against the previous day close at Rs 1832.90 apiece.
Paras Defence stock jumped 4.87 per cent intraday on Wednesday to Rs 1419 apiece. It was trading at Rs 1396 apice around 9:49 am.
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