Defense Stocks: Amidst the bombing of Israel-Iran, defense stocks are earning strong profits, sharp jump

News Topical, Digital Desk : Due to the increasing tension between Israel and Iran, the defense stocks listed in the Indian stock market are in tremendous action today. A great trend is being seen among investors regarding defense stocks. According to an Associated Press report, Israel attacked Iran's Arak heavy water reactor on Thursday. The facility was evacuated before the attack, so there was no radiation threat. On the other hand, Iran's missile attacked a major hospital in southern Israel, causing heavy damage.

Due to geo-political instability at the global level, the focus on defense exports and expenditure has increased, which is benefiting Indian defense companies. The Nifty Defense Index jumped after a decline of 0.5% in the previous session. 10 out of 18 stocks of the index were trading in the green.

Which defense stocks saw the highest rise DCX Systems: With a rise of 6.51%, this stock reached a high of Rs 310.95 on NSE. It saw recovery after two sessions of decline. Paras Defense & Space Technologies: Increased by 2.24%. Mazagond Dock Shipbuilders: Registered a gain of 0.56%. Apart from this, Mishra Dhatu Nigam, Bharat Dynamics, Data Pattens (India) and Bharat Electronics saw a rise of up to a quarter percent. Seventh day of Israel-Iran conflict This rise in defense stocks came on Thursday when the conflict between Israel and Iran continued for the seventh day. On Wednesday, Iran's supreme leader rejected the US demand for surrender and warned that American military incursion would lead to heavy losses for Iran.
 

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