BEL, Sika, HAL: Defence stocks rally up to 7 today; check reasons, ratings and price targets
Indian defence stocks rallied up to 7 per cent during the trading session on Thursday amid the hopes of order inflows from NATO countries, which agreed to hike defence spending. This move is likely to be a major positive for domestic defence firms which may see big export opportunities, if the spending is increased.
Following the update, shares of Sika Interplant Systems surged nearly 6.55 per cent to Rs 1,462.70 on Thursday with its total market capitalization topping Rs 3,000 crore mark. Taneja Aerospace & Aviation hit an upper circuit limit of 5 per cent to Rs 431.85 in the early session.
Shares of Data Patterns (India) gained more than 4.22 per cent to Rs 2,907.20, while Paras Defence and Space Technologies gained nearly 3 per…
