Defense Stock in May .. The real reason for their growth!

Defense stocks such as Tordon Reach Ship Builders, Paras Defense, Apollo Micro Systems, Cochin Ship Yard and Solar Industries ended in May. The defense sector was the top artist this month due to the strong demand of investors.

Conservation stock increase

Along with Operation Sindhur, India has demonstrated the strength of the defense system developed with its indigenous technology. Pakistan successfully blocked drones and missiles. The spirit of Prime Minister Narendra Modi’s repetition was strengthened that the government was focusing on promoting indigenous defense products as part of the Make Bharat program.

Apart from these reasons, the defense cost of the Government of India to strengthen national security, and India’s increasing global demand for domestic defense products in May has contributed to a strong increase in defense shares in May.

Market capitalization

This outstanding performance has reached the joint market capitalization of Defense Departments of 18 Nifty India for the first time and reached Rs 11.3 lakh crore. The market cap was Rs 10 lakh crore in the same period last year.

Apollo micro system huge profits

Apollo became the top artist of defense stock in micro systems micro systems. It has increased from Rs 117 to Rs 183 and has provided more than 60 % revenue. This is the biggest monthly benefit after revenue of 62 % of revenue after October 2023.

This stock too

Drone -related stock, including Idea, Acharya Ariel Innovation, Zen Technologies, Ratan India Enterprises, Paras Defense and Space Technologies, was up to 50 %. At the same time, Ship Building Stock has also shown excellent performance. Garden Reach Ship Builders received 57 percent and Cochin Ship Yard 23 percent.

Defense sector is in the growing process of increasing defense budget, export capacity, Mecin India and Athanirir Bhara.

Note: This is not an investment advice. The stock market is subject to risk. Take clever decisions before investing in anything. It is appropriate to seek specialist advice.