By Admin 
Defense stocks surge: After the announcement of ceasefire between India and Pakistan, for the first time, Prime Minister Narendra Modi in his address to the nation on one side attacked Pakistan fiercely, on the other hand, on the other hand, emphasized the weapons made by Made in India in military equipment. On the very next day of his address, on 13 May, shares of government companies making military equipment made a tremendous jump.
The Nifty India Defense Index jumped around 4 percent to 7,416. India Dynamics (BDL) shares were the most gained, which jumped 7 percent to 1,683.90. India Dynamics is a private sector company, but it has received orders to create Akash missile system.
Defense companies bounced shares
In such a situation, the latest comment on Akash missile has brought new enthusiasm in this company’s share. Similarly, the shares of BEML, India Electronics and Hindustan Aeronautics (HAL) saw an increase of 4.3 percent. The shares of Jane Technologies and Cochin Shipyard also came up about 4 percent, while the shares of Majgaon Dock Shipbuilders jumped 3.6 percent. GRSE shares also jumped 3 percent above, while Paras Defense came up 2.7 percent.
Shares of government companies bounced from PM’s address
Addressing the nation for the first time after Operation Sindoor, PM Modi said that the Indian Army has made the whole world feel power with its mission. He has also proved our superiority in the new war period. PM Modi said that during this operation, Made in India weapons also proved themselves. Today, the whole world is a witness to the 21st century that the time of Made in India has come in defense equipment.
Air Marshal AK Bharti said that all the army cantonment and systems are completely operational. We are fully prepared to face any kind of challenges in the future. It is worth noting that India’s defense exports in the financial year 2025 had a record 23,622 crore, which is 12 percent more than the previous year. Defense Minister Rajnath Singh has already said that defense exports will be increased by 2029 grade to 50,000 crore.
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