Cochin Shipyard, GRSE and other defence stocks rally up to 8%. Here's why
Indian defence stocks are on a roll, fueled by a potential Rs 2 lakh crore Rafale fighter jet deal and long-term growth optimism. Cochin Shipyard and GRSE surged, while HAL and Mazagon Dock also saw gains. Analysts are bullish on the sector's future, driven by government initiatives, but caution against stretched valuations and execution challenges.
Indian defence stocks are on a roll, fueled by a potential Rs 2 lakh crore Rafale fighter jet deal and long-term growth optimism. Cochin Shipyard and GRSE surged, while HAL and Mazagon Dock also saw gains. Analysts are bullish on the sector's future, driven by government initiatives, but caution against stretched valuations and execution challenges.
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