Defense stocks have surged up to 30%

By 5paisa 24 Mar 2025

Defense stocks have surged up to 30% in a week, with key players like Mazagon Dock and Cochin Shipyard leading the rally.

India's defense approvals worth ₹54,000 crore in March and strong local procurement push benefit companies like HAL, BEL, and Mazagon Dock.

Global defense spending increases to $2.46 trillion in 2024, fueling growth in defense stocks worldwide, including U.S. and European companies.

Indian defense stocks are benefiting from increased domestic military spending and improved supply chains, like HAL's Nasik factory expansion.

Despite the surge, concerns about European defense spending’s impact on Indian companies remain, with long-term relationships needed for growth

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