Defense Stocks Rally After PM Modi’s 'Made in India' Call – May 13, 2025

Defense stocks surged today after PM Narendra Modi emphasized the need for indigenous defense manufacturing under the 'Made in India' initiative. By 12:30 PM, Bharat Dynamics Ltd (

) soared over 8%, Bharat Electronics Ltd ( ) rose more than 4.4%, and Hindustan Aeronautics Ltd ( ) climbed over 4.1%. The market responded positively to the push for reduced reliance on imports and enhanced domestic capabilities. A long-term benefits for Indian defense manufacturers expected as government policy increasingly favors local production. Disclaimer: This post is for informational purposes only and does not constitute investment advice.