BDL, HAL, BEL, other defence stocks surge up to 4% as Israel's attack on Iran fuels order inflow hopes- Grow Mudra

BDL, HAL, BEL, other defence stocks surge up to 4% as Israel's attack on Iran fuels order inflow hopes

13 Jun , 2025 By : Debdeep Gupta

Defence stocks significantly surged on June 13 after Israel conducted strikes on Iran, fueling hopes of higher defence equipment orders amid heightened global uncertainties. The sharp rise in the share prices pushed the Nifty India Defence index up nearly 1 percent to snap a two-day losing streak.

Notably, the defence stocks had seen significant profit booking at elevated levels recently, after an earlier rally triggered by Operation Sindoor and escalations in the Russia-Ukraine war cooled down. The rally in the stock prices has again resumed after Israel's attacks on Iran.

Israel carried out what it called as "preemptive strikes" against Iran. Israeli Prime Minister Benjamin Netanyahu said the airstrikes were aimed at key parts of Iran’s nuclear and military program. "We struck at the heart of Iran's nuclear enrichment program, Iran's nuclear weaponization program, Iran's main enrichment facilities, leading nuclear scientists, and ballistic missile programs," Netanyahu said.

PM Netanyahu said in a video message: "Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel's very survival."

Multiple explosions were heard across Tehran, CNN reported citing Iran’s state news agency IRNA. Iran has meanwhile vowed to fight back, raising concerns of further escalations, which will likely boost defence stocks further.

Zen Technologies shares gained over 4 percent to trade at Rs 1,981 apiece, while those of Astra Microwave Products shares gained nearly 3 percent. Bharat Dynamics (BDL) and Paras Defence shares shot up over 2.5 percent each, while DCX India, BEML and Hindustan Aeronautics (HAL) shares gained over 1.5 percent each.

Bharat Electronics (BEL) shares were up over 1 percent each, while Garden Reach Shipbuilders and Engineers (GRSE), Solar Industries and Cochin Shipyard shares were trading in the green with marginal gains.

Despite the uptrend in the sector, Mazagon Dock Shipbuilders shares were trading in the red with marginal losses.