Defence Stocks Explode After India’s Operation Sindoor Strike; Mazagon Dock Jumps 2%

New Delhi: Defence sector stocks rallied sharply on Wednesday, riding high on the back of Operation Sindoor— India’s decisive strike on terror camps in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK) on May 7. The offensive, which was launched in retaliation for the Pahalgam terror attack, boosted investor confidence in companies linked to defence and national security.

Leading the charge was Mazagon Dock Shipbuilders, which soared 1.92% to Rs 3,029.60, with over 2 million shares traded. Data Patterns (India) Ltd. followed with a 1.56% gain to Rs 2,229, reflecting strong bullish sentiment in defence tech.

Cochin Shipyard Ltd. rose 0.77% to Rs 1,494.10, while Hindustan Aeronautics Ltd. (HAL) edged up 0.33% to Rs 4,522.00. Bharat Dynamics Ltd., a key supplier of strategic weaponry, closed 0.10% higher at Rs 1,529.20.

Investors appeared optimistic that increased geopolitical tensions could lead to higher defence spending and long-term order inflows for Indian defence manufacturers. The sharp rally in these counters suggests a renewed focus on indigenisation and military preparedness.

With Operation Sindoor sending a strong message across borders, India's defence stocks look set to remain in the spotlight in the days ahead.

Sensex recovered from early losses to trade 150 points higher, while Nifty climbed back above the 24,400 mark, driven by gains in banking, defence and auto stocks.

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