Defensive stocks such GRSE and Cochin Shipyard Surged up to 20%

By 5paisa 19 Mar 2025

Defence stocks, including GRSE and Cochin Shipyard, surged up to 20% on March 19, driven by a global recovery and European defence boost.

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GRSE hit the 20% upper circuit, reaching ₹1,641.35, continuing its fourth consecutive session of gains in the Indian defence sector.

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European rearmament efforts, spurred by geopolitical tensions, are boosting demand for Indian defence companies, seen as attractive suppliers.

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The Nifty India Defence Index surged nearly 6% as investors grew bullish on defence stocks, amid strong order backlogs and improving revenues.

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Despite strong growth, experts warn about overvaluation in some stocks, advising investors to focus on attractive, undervalued defence companies.

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