India’s aerospace and defence sector, valued at USD 27.1 billion in 2024, is expected to double to USD 54.4 billion by 2033, growing at a CAGR of around 7%. Growth is fueled by modernisation, domestic manufacturing initiatives, and increasing exports, positioning India as a global defence technology hub.
In May, the Nifty Defence index surged 22 per cent, climbing from 7,120 to 8,685.60 points. This sharp rally reflects rising global focus on defence. Firstly, NATO defence ministers are scheduled to meet in Brussels to respond to U.S. President Donald Trump’s demand for higher military spending, urging allies to boost defence budgets to 5% of GDP, up from the current 2%, ahead of the Hague summit.
Secondly, after a brief calm, the Russia-Ukraine war escalated sharply. On May 31, Russia launched its largest drone attack yet, 472 drones and seven missiles, of which Ukraine claims to have intercepted 385. In retaliation, Ukraine struck Russian airbases on June 1, reportedly destroying over 40 warplanes. President Zelenskyy hailed the operation as a “brilliant” and historic move, ahead of scheduled peace talks in Istanbul.
Lastly, the UN nuclear watchdog recently reported that Iran has increased its production of enriched uranium, holding over 400 kg at 60% purity, close to the 90% weapons-grade level. This has heightened tensions with the U.S. Firstly, a proposal for a new nuclear deal has been sent by the Trump-led administration, with Iran pledging to respond based on its national interests and people’s rights.
Here are the defence stocks in the past few days
1. Garden Reach Shipbuilders & Engineers Ltd
With a market capitalisation of Rs 39,024 crore, the shares closed at Rs 3,415.00 per share, increased around 1.74 percent as compared to the previous closing price.
The stock has delivered impressive gains, rising 13.49% over the past five days, 94.01% in the last six months, and posting a stellar YTD return of 106.96%, making it a multi-bagger performer and reflecting strong investor confidence and momentum.
2. Paras Defence and Space Technologies Ltd
With a market capitalisation of Rs 6,941 crore, the shares closed at Rs 1,723 per share, increased around 6.14 percent as compared to the previous closing price.
The stock has delivered impressive gains, rising 7.59% over the past five days, 55.43% in the last six months, and posting a stellar YTD return of 72.30%, making it a prominent performer and reflecting strong investor confidence and momentum.
3. Bharat Dynamics Ltd
With a market capitalisation of Rs 72,169 crore, the shares closed at Rs 1,969 per share, increased around 1.09 percent as compared to the previous closing price.
The stock has delivered impressive gains, rising 61.28% in the last six months and posting a stellar YTD return of 73.94 percent, making it a prominent performer and reflecting strong investor confidence and momentum.
Written by Abhishek Singh
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