By Admin 
Defense stocks: With the increase in tension over the Pahalgam terror attack between India and Pakistan, now investors’ eyes are on the stock of the defense sector. On Tuesday, Paras Defense and Space Technologies Limited, Data Pattern (India) Limited, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL) and Bharat Dynamics Limited (BDL) and other companies including other companies saw this hopes with this expectation.
Defense sector stocks seen boom
On April 30, the price of the share of Paras Defense reached Rs 1,227.65 with a jump of 7.46 % before the company’s board meeting on stock split and dividend. Data Pattern (India) Limited increased by 5.55 percent to Rs 2,358.05. BEL 3.95 percent rose to Rs 317.25. BDL 2.63 percent increased to Rs 1,527. HAL’s shares rose 2 to Rs 4,517.
Among the shipping shares, the shares of Garden Reach Shipbuilders and Engineers Limited (GRSE) rose to Rs 2,358.05 with a jump of 4.63 percent. Majgaon dock shipbuilders increased 3.69 percent to Rs 2890. Cochin Shipyard 2.07 percent increased to Rs 1,533.45. However, on Wednesday, April 30, the shares of these big companies in the defense sector saw a decline.
Shares fell from the torso today after the boom
Hindustan Aeronautics (HAL), Garden Reach Shipbuilders and Engineers (GRSE), Data Pattern, Cochin Shipyard and other shares declined by 5.2 percent during the business session. GRSE shares recorded the highest decline of 5.2 percent, followed by data patterns (-4.5 percent) and HAL (-1L (-1L) and HAL (-3.1R) The number remained.
Cochin Shipyard, Bharat Electronics (BEL) and Majgaon dock shipbuilders declined from 1 percent to 3 percent. However, market experts believe that the manner in which geopolitical situations are changing at global levels and looking at the government’s increasing expenditure on defense, it will not be wrong to say that India’s defense sector can fly fast.
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