Defence stocks rally despite weak market sentiments

Following a wave of Israeli military strikes on Iran, investor interest in defense-related companies has grown as worries about a wider confrontation have revived. Despite the stock market meltdown, Indian defense companies enjoyed a substantial rally in Friday's trading session. Ideaforge Technology was the biggest gainer among Indian defense stocks, with shares rising up to 8.1% on the BSE to ₹599.60. On July 13, the share price of Bharat Dynamics increased 4.6% to ₹1930.40.