Defence shares gain momentum on strong production and growth outlook (opens original article in a new tab)

Defence stocks in India surged 5-19% following record production figures and positive outlook, with the Nifty Defence Index rising 4% to 9,487. Analysts anticipate continued growth due to policy support and global demand, while technical indicators show an uptrend with positive momentum.

• Defence stocks rose 5-19% after government reported record ₹1.78 lakh crore defence production in fiscal 2026
• Nifty Defence Index increased 4% to 9,487, up 23% year-to-date
• Analysts expect continued growth due to policy support and rising global demand
• Technical indicators show uptrend with higher highs and positive momentum
• Defence companies including Paras Defence and Hindustan Aeronautics saw significant gains