SHARES OF DEFENSE COMPANIES RISE BY OVER 5% TODAY AMID ISRAEL-IRAN TENSIONS
Shares of defense companies like ZENTEC , PARAS , BDL , GRSE , COCHINSHIP , BEL , and HAL rose by upto 5% in today's trade amid tensions between Israel and Iran. Israel is a key defense partner of India.
Israel fired missiles on Iran's nuclear facilities, missile production sites, and military leadership of what is described as a measure to prevent Tehran from developing nuclear weapons.
Defense stocks are expected to rise in the near future due to spending by the Indian government on defense procurement.
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