Why defence stocks surged in trade today? Garden Reach Shipbuilders soars 20%,

MAZDOCK

gon Dock up 10%

Indian defence stocks rallied sharply on March 19, driven by strong global cues following Germany's move to boost military spending.

curities remains bullish on the sector, citing robust fundamentals and recent policy tailwinds. Defence Stocks Rally on Germany's Spending Boost Shares of Garden Reach Shipbuilders surged 20 percent on Wednesday, March 19, hitting an intraday high of ₹1,641.15. The stock’s sharp rise also lifted other defence players, with Mazagon Dock climbing 10.5 percent, Bharat Dynamics rising 6.36 percent, Cochin Shipyard gaining 8.7 percent, Paras Defence adding 5.4 percent, and HAL advancing 4.5 percent. The rally came after German lawmakers passed a major spending package on Tuesday, unlocking billions of euros in debt financing for defence and infrastructure. The lawmakers also moved to exclude defence spending, which exceeds 1 percent of Germany's GDP, from constitutional borrowing restrictions. The decision is part of a broader initiative to enhance military capabilities in response to rising geopolitical threats.