Indian defence stocks on course for longest winning run in 9 months amid Mideast war

Bharat Electronics

06/03/2026 07:20

** India's defence stocks .NIFTYINDDEFENCE gain 4.9% this week, and have risen 9.9% over four weeks in their longest winning run since June

    ** Escalating U.S. and Israeli war with Iran boosts shares

** Paras Defence PRAF.NS leads weekly gains with an 18.4% jump, trailed by dronemaker Ideaforge's IDEF.NS 9% climb

** Bharat Dyanmics BARA.NS, which counts Israeli defence equipment maker Rafael among its clients, rises 7.2% for the week

** Peer Bharat Electronics BAJE.NS gains 6.1% to be the top weekly gainer on benchmark Nifty 50 .NSEI

** Zen Technologies ZETE.NS up 4.5% this week

** YTD, defence index up 10.1%

Nifty India Defence index logs longest winning streak since June https://reut.rs/3N0hvls

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))