Indian defence stocks rise on geopolitical tensions

Hindustan Aeronautics

02/03/2026 05:49

** Nifty India Defence .NIFTYINDDEFENCE index up 1% vs benchmark Nifty 50 .NSEI 1.3% fall

** Paras Defence and Space Technologies PRAF.NS up 11.6%, Bharat Electronics BAJE.NS up 2%, Bharat Dynamics BARA.NS up 0.9%, HAL HIAE.NS up 0.9%

** U.S.-Israeli strikes on Iran over the weekend killed Tehran's Supreme Leader Ali Khamenei

** Jefferies says stocks should see double-digit CAGR growth in the medium term due to geopolitical tensions

** Antique Stockbroking flags BARA and BEL have their supply chain dependence on Israel; any prolonged geopolitical issue with Iran can lead to risk

** YTD, defence index up 5.8% vs .NSEI's nearly 5% fall

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))