New Delhi, 13 May (IANS). During the ‘Operation Sindoor’, the whole world saw the strength and capacity of India’s defense equipment, after which now investors are also betting on Indian defense shares. Due to this, a strong rally was seen in most defense shares on Tuesday.
India Dynamics Limited (BDL) topped the growing defense shares. At the end of the day, BDL rose 11.47 percent to close at Rs 1,750.
This is the biggest rise in BDL shares in the last one year.
BDL is the Akash missile system making company, which was used against Pakistan during ‘Operation Sindoor’.
Apart from this, the shares of other defense companies such as Garden Reach Shipbuilders, Bharat Electronics, Hindustan Aeronautics, Cochin Shipyard and Majgaon Dock Shipbuilders were also seen.
Garden Reach Shipbuilders shares closed with 5.21 percent, India Electronics stock 4.06 percent, Hindustan Aeronautics stock 3.81 percent, Cochin Shipyard’s share 3.82 percent and Majgaon Dock Shipbuilders’ stock closed with a gain of 3.6 percent.
During the joint press conference of the Indian Army on ‘Operation Sindoor’ on Monday, Air Marshal AK Bharti said, “Our warfare system has lived up to the test of time and they have fought Pakistan firmly. Another special thing was a great performance of indigenous air defense system-Akash system. In the last decade, it was possible to create such a strong air defense provision due to the budgetary and policy support of the Government of India.
Bharti further said, “Many waves of drones and unmanned war aeries used by Pakistan were thwarted by indigenously developed soft and hard kilt counter-UAS systems and well-trained Indian air defense personnel. We kept the civilian and military infrastructure minimum, while the Pakistani army was constantly attacking. Firing, Long and Short Range missiles were attacked by drones and UAVs. All our systems were active together during the Pakistani attack.
-IANS
ABS/
