Israel-Iran War: Mazagon Dock, Grse, Bharat Dynamics, other defense supplies. Do you own one of these things? | Einsmark news

Defense shares in India were a sharp rally on Tuesday, as the ongoing conflict between Israel and Iran entered its fifth day, which increased the geopolitical tension. The Nifty India defense index climbed by more than 1.6% during the session and violated the 9,000 point. Mazagon Dock Shipbuilders’ share price has emerged as the top performer on the index and has risen more than 5%. Horticultural Shipbuilders & Engineers shares jumped by more than 4%, while data patterns (India) advanced more than 3%. Other big profits were Bharat Dynamics, Cochin Shipyard, Solar Industries India, Beml and Hindustan Aeronautics (HAL), which rose between 1% and 2%. In contrast, Zen Technologies, Mishra Dhatu Nigam and Astra Microwave Products traded shares slightly lower, using the broader trend. The renewed investor interest in defense shares was driven by expectations of increased defense spending and order inflow amid rising global security issues. The escalation of the Israeli-Iran conflict has strengthened the anticipation of the market to a greater demand for defense equipment and services, analysts said. Defense shares have already received traction last month after India’s targeted military strikes on terrorist outfits in Pakistan under Operation Sindoor. While the tensions between India and Pakistan have been uncovering since then, the long-standing Russia Cocraine conflict is still the bullish sentiment in the sector. The latest developments in the Middle East have further strengthened the prospects for India’s defensive shares, with investors betting on sustained growth in defense orders and strategic investments. However, analysts have marked valuation problems after the recent sharp rally in defense shares. “While defense stocks like Garden Reach, Mazagon Dock, Hal, Call and BDL remain attractive from a long -term perspective, the current valuations seem to be stretched out. The recent upward trend is largely driven by sentiment and prevailing geopolitical narratives,” said Avinash Gorakshakar, head of research at Profit. He advised investors to consider picking up these shares with a long -term horizon of at least two years. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.