Indian defence sector stocks surged sharply last week, gaining up to 28%, as the government’s strong focus on the sector remains unwavering. These stocks are likely to continue their upward streak as, upon resuming charge as defence minister, Rajnath Singh set a target to generate military exports worth Rs 50,000 crore annually and vowed to fast-track initiatives under ‘Make in India’ for defence production.
Here’s the list of defence stock rallied up to 28% last week:
Agencies
2/10
Paras Defence & Space Technologies | CMP: Rs 1,157
Paras Defence & Space Technologies stock surged 28% in the last week. The 52-week high and low of the stock are Rs 1,157 and Rs 552.
ANI
3/10
Mazagon Dock Shipbuilders | CMP: Rs 3,875
Mazagon Dock Shipbuilders stock increased 23% in the last week. The stock’s 52-week high and low are Rs 3,989 and Rs 1,027.
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