Indian defence stocks gain amid widening conflict with Pakistan

Paras Defence and Space Technologies

09/05/2025 06:34

** Indian defence stocks .NIFTYINDDEFENCE jump 2.3%, benchmark Nifty 50 .NSEI down 1.1% as India-Pakistan conflict intensifies

** Defence equipment maker Bharat Dynamics BARA.NS leads gains with 6.2% rise, followed by Zen Technologies' ZETE.NS 5% climb

** Drones maker IdeaForge Tech IDEF.NS surges 16.3%, biggest pct gain since listing in July 2023

** Paras Defence PRAF.NS, HAL HIAE.NS, Bharat Electronics BAJE.NS up 5%, 2% and 3%, respectively

** Defence index closed 0.9% lower on Thursday

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))