Defence Stocks And Nifty India Defence Index Rally After Government Clears ₹79,000-cr Proposals For Armed Forces
By Shishta Dutta | Published at: Oct 24, 2025 11:25 AM IST
Mumbai, October 24: Stocks of major defence companies are trading higher today, driving the Nifty India Defence up by 0.79% (64.75 points) to 8,226.85 as of 10:50 AM. Within the index, which includes 18 stocks, 15 stocks were trading in the green, while only 3 stocks were in the red.
Top Gainers
As of 10:50 AM, the top gainers in the Nifty India Defence index were Bharat Dynamics, up 2.51% at ₹1,552.80, followed by Paras Defence, rising 1.74% to ₹718, Cochin Shipyard, up 1.71% at ₹1,823, BEML, gaining 1.61% at ₹4,467.80, and Garden Reach Shipbuilders, up 1.28% at ₹2,643.50.
Top Losers
Three stocks were trading in the red, including MTAR Technologies, which was down by 1% at ₹2,268.20, Dynamatic Tech by 0.41% at ₹8,014 and Cyient DLM by 0.20% at ₹453.05.
What is Driving the Move?
The rally in defence stocks and rise in the index come after the Indian government announced that it has cleared capital acquisition proposals worth ₹79,000 crore for the Armed Forces. This includes Nag Missile System (Tracked) Mk-II (NAMIS), Ground-Based Mobile ELINT System (GBMES), and High Mobility Vehicles (HMVs) equipped with material handling cranes for the Indian Army.
These proposals will benefit the Indian defence industry, with the defence companies being the direct beneficiaries. It remains to be seen if these companies and the index can sustain the momentum in the coming weeks.
REF: https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY INDIA DEFENCE
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