Defence Stocks Rally; Nifty India Defence Index Jumps 3% on Fresh Orders, High Volumes

Shares of defence companies surged on September 12, lifting the Nifty India Defence index nearly 3% to 7,922 by 10:42 AM amid strong order inflows and heavy trading volumes. Top Gainers: Garden Reach Shipbuilders & Engineers (GRSE): Rose 6% to ₹2,490.20, with nearly 13 lakh shares traded, almost double its 10-day average. Today is also the record date for a ₹4.9 per share dividend. MTAR Technologies: Gained 6% to ₹1,619, after securing $43.87 million (~₹386 crore) orders from Bloom Energy Corporation. Volumes were 3x its 10-day average. Astra Microwave Products: Up 5%, while Mazagon Dock Shipbuilders rose 4%. September 19 is the record date for Mazagon Dock’s ₹2.71 per share dividend. Paras Defence & BEML: Gained nearly 4% each. Paras Defence announced fresh orders worth ₹26.6 crore from Opto Electronics Factory for battle tank applications. Bharat Dynamics (BDL) & Hindustan Aeronautics (HAL): Advanced around 3% each. BDL’s ₹0.65 per share dividend record date is September 19. Solar Industries, Cochin Shipyard, and Bharat Electronics (BEL): Jumped over 2% each. Today is the record date for Cochin Shipyard’s ₹2.25 per share dividend. The surge highlights strong investor appetite for defence sector plays, driven by robust order flows, dividend payouts, and the government’s continued push for indigenisation and self-reliance in defence manufacturing. #DefenceStocks #NiftyDefence #StockMarket #MakeInIndia #GRSE #MTAR #HAL #BEL #MazagonDock #ParasDefence