Paras Defence, to MTAR Tech, HAL: Defence stocks rally as India's defence production touches all-time high (opens original article in a new tab)

India's defence production hit a record ₹1.78 lakh crore in FY26, driving strong gains in defence stocks and highlighting increased private sector involvement and export growth.

• India's defence production reached a record ₹1.78 lakh crore in FY26, a 15.6% increase from FY25.
• Defence stocks saw significant gains, with Paras Defence rising over 18% and other firms like HAL and Cochin Shipyard also increasing in value.
• Private sector contributions to defence production reached ₹42,000 crore, up from 22% in FY25, and defence exports hit ₹38,424 crore.