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The Economic Times

Debaroti Adhikary

Defence stocks fire up! Paras Defence, BEL, GRSE, other stocks surge up to 24% in 2 days. What's powering the rally?

BEL Paras Defence HAL Bharat Electronics India

Shares of several defence companies, including Paras Defence and Bharat Electronics (BEL), extended their rally for a second straight session on Thursday, posting sharp gains despite a subdued broader market. Investor sentiment remained buoyant amid record defence production in FY26 and other sector-specific tailwinds.

Paras Defence shares rose 5% on Thursday to hit a fresh 52-week high of Rs 1,348.40 apiece on NSE. The stock has rallied 24% in just two sessions. Aequs shares also jumped over 5% today.

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