Defence Stocks Decline as Investors Book Profits After Recent Rally

Shares of defence companies like Paras Defence, BEL, and GRSE fell on Monday as investors locked in profits after a recent uptrend. The Nifty Defence index dropped over 1%, reversing the previous session’s gains. Paras Defence led the decline with a 7.84% drop, while GRSE and BEL fell over 2% each.