By Admin 
Defense stock jumps: Today, tremendous purchases are being seen in the shares of Defense Stocks. Out of the last eight business days, seven had seen a decline, but today suddenly the valuation of defense stocks managed to woo investors and they broke towards them. The highest faster was seen in the shares of data patterns, which jumped up about 4 percent and was trading at Rs 2667 in the afternoon. Apart from this, the shares of Garden Reach Shipbuilders and Bharat Electronics saw a jump of about three percent.
Competition for defense shares
Hindustan Aeronautics Limited shares rose 1.88 percent of BEML stocks 2.22 percent and India Electronics’ shares up 2.92 percent. On the other hand, the Nifty India Defense Index saw a rise of about 2 percent on Monday after a decline of eight percent in the last eight business days. However, the stocks of defense on the red mark are Unimach Aerospace, Saints DLM, and Jane Technologies.
Defense stocks boom after Operation Sindoor
Significantly, on 22 April, after the terrorist attack on tourists, India had run an operation vermilion against Pakistan. Pakistan had a huge loss in this and many of its terrorist camps were demolished. Meanwhile, the defense stocks saw a tremendous boom. There was a tremendous jump ranging from about 40% to 80% in these shares. However, the quarterly business results of India Electronics and Majhgaon Dock did not expect expectation. After this, a concern about its high valuation had definitely increased.
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