📉 BDL Cracks Over 7% as Defence Stocks Reel Post-Budget

Shares of Bharat Dynamics Ltd (

) plunged over 8% on February 2 (trading at their lowest level in the last nine months), extending the sharp sell-off seen across defence stocks after the Union Budget. The sector came under heavy pressure as investors reacted to the absence of major policy push or “big bang” announcements for defence manufacturing. Frontline and mid-cap defence stocks corrected sharply, with many falling 5–10% in a single session. The continued weakness highlights growing disappointment over muted budgetary support and near-term growth visibility, keeping sentiment fragile across the defence space. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.