Defence stocks rally despite weak market sentiments

The Indian defence companies saw a significant rally in Friday's trading session despite stock market crash, following a wave of military strikes by Israel on Iran, concerns about a wider conflict have resurfaced, prompting increased investor interest in defense-related companies. Shares of Ideaforge Technology surged by up to 8.1 per cent on the BSE, reaching ₹599.60, emerging as the top gainer among Indian defence stocks. Meanwhile, Bharat Dynamics share price rallied 4.6 per cent to ₹1930.40 on July 13.