Defence stocks extended gains on Friday as investors rushed to defence counters amid escalating tensions in West Asia.! 🔹 The Nifty Defence Index surged 3% today, after gaining 2.5% in the previous session. 📈 Top Gainers • Mazagon Dock Shipbuilders Limited ➜ +6.9% (biggest jump in 9 months) • Garden Reach Shipbuilders & Engineers ➜ +6.1% • Bharat Electronics Limited ➜ Strong buying interest Out of 18 stocks in the index, 17 were trading in green, with only Cyient DLM in the red. 🗣️ Defence Minister Rajnath Singh said the government is giving special focus to Garden Reach Shipbuilders to strengthen India’s defence manufacturing ecosystem. ⚔️ Why Defence Stocks Are Rising? Rising geopolitical tensions involving Iran, Israel and the US have increased focus on defence preparedness. Such situations usually boost demand for missiles, drones, radar systems, surveillance equipment and ammunition, leading to strong order expectations for defence companies. 📊 Market View: Defence stocks often attract strong buying during geopolitical uncertainty due to expectations of higher defence spending and new government orders. ⚠️ For informational purposes only. Not investment advice.

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