By Admin 
Defense stocks Rise: There has been great tension on the border since the terrorist attack in Pahalgam. Pakistan’s Defense Minister Khwaja Asif has started seeing the war of war. Amidst all these things, the shares of India’s defense companies have continued to rise continuously for the last three days. Some shares have jumped up to 25 percent in the last two days. A day earlier, the Nifty Defense Index jumped up to five and a half percent during the trading on Tuesday. There are a total of 18 shares in this index and all the shares were trading in the green mark. In the last two days, this index has jumped up to 10 percent.
If we talk about Paras Defense shares, then it saw a jump of 10 percent on Wednesday. This boom in this stock is seen at a time when the results of the March quarter are coming from the company in the evening. In an information sent to the stock markets, the company said that the payment to the shareholders will be considered in the board meeting for the financial year 2025. Also, shares will be divided i.e. the proposal of stock split will be considered.
Defense stock jump
Market participants say that due to continuous violation of ceasefire from Pakistan on the border and increasing security concerns in Jammu and Kashmir, investors are increasing towards defense shares. Shares like Paras Defense, BEL, Cochin Shipyard and Garden Rich Ship Builder are seeing tremendous boom.
Paras Defense shares rose more than 15 per cent to Rs 1316 during trading on Tuesday. In the last two days, this week has jumped up to 25 percent. The shares of Garden Risip Builders also jumped up to 15 percent.
Pahalgam attack put wings
In addition, the shares of Data Pattern flew around 12 per cent, Cochin Shipyard’s stock around 9 per cent, Hindustan Aeronautics 3 per cent and Majgaon Dockship Builders’ shares flew up to 7 per cent. Meanwhile, the stock of India Electronics came up as top gainers on Tuesday and it jumped 4.72 per cent during the business and reached around Rs 319 on Intra Day High.
In the last two days, this stock has increased by about 7 percent. This new purchase in defense shares is being done after the Pahalgam attack on 22 April. In Pahalgam, the terrorists opened fire on unarmed tourists, in which about 26 people died.
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