Why BEL, HAL and Mazagon Dock surged today Shares of several defense companies, including Bharat Electronics Limited (BEL), Mazagon Dock Shipbuilders Limited, and Hindustan Aeronautics Limited (HAL), saw a significant rise on Thursday. The uptick occurred as the broader market rebounded from three consecutive days of losses. Global equities also gained momentum after recent declines linked to tensions in West Asia. BEL led the Nifty Defense Index with a surge of up to 3.6%. Other defense stocks, such as Mazagon Dock Shipbuilders and HAL, also experienced gains. Mazagon Dock's shares climbed by as much as 10%, while HAL's shares rose by up to 0.5%. Out of the 18 defense-related stocks in the Nifty Defense Index, 16 closed higher on Thursday. Only two companies—Cyient DLM and Dynamatic Technologies—ended the session in the red. The rally is attributed to heightened geopolitical tensions involving Iran, Israel, and the United States. These developments have renewed investor interest in defense companies, as nations ramp up their focus on military preparedness. Increased uncertainty in global affairs often drives demand for defense equipment, including missiles, surveillance systems, drones, ammunition, and radar technology. Traders are buying defense-linked stocks, anticipating higher orders and improved business prospects due to these geopolitical shifts. The defense sector also saw value buying following a 1% decline in the previous session. Mazagon Dock Shipbuilders extended its gains by nearly 10%, driven by reports that the Indian Navy is likely to finalize a ₹99,000 crore deal for six German submarines from Thyssenkrupp Marine Systems.#indian_navy #hindustan_aeronautics_limited #mazagon_dock_shipbuilders_limited #bharat_electronics_limited #thyssenkrupp_marine_systems
Adani Defence Acquires Punj Lloyd Defence Unit & Air Works Stake Adani Defence Systems and Technologies Limited (ADSTL) has completed the acquisition of Punj Lloyd Limited’s Defence Unit through a Business Transfer Agreement (BTA) and has also purchased shares in Air Works India (Engineering) Private Limited from Punj Lloyd Aviation Limited. These transactions, finalized on February 28, 2026, are part of a broader acquisition plan for Punj Lloyd, approved by the National Company Law Tribunal (NCLT). The move marks a significant expansion for Adani Group in the defence manufacturing and aviation maintenance (MRO) sectors. The acquisition of Punj Lloyd’s Defence Unit and its stake in Air Works India follows earlier intimation dates of February 12 and 13, 2026, which set the stage for these definitive agreements. The NCLT’s oversight of Punj Lloyd’s liquidation process has enabled ADSTL to secure these assets, which are expected to integrate into Adani’s growing defence portfolio. This step aligns with the Adani Group’s strategy to strengthen its presence in India’s defence and aerospace industries, particularly as the country prioritizes self-reliance in manufacturing. Punj Lloyd Limited, once a major player in global engineering, procurement, and construction (EPC) projects and defence manufacturing, has faced severe financial distress, leading to its insolvency and subsequent liquidation. The transfer of its defence and aviation units to ADSTL provides a pathway for these assets to be revitalized under new management. For stakeholders, the acquisition offers clarity and potential asset realization as part of the NCLT-mandated resolution process.#national_company_law_tribunal #adani_defence_systems_and_technologies_limited #punj_lloyd_limited #air_works_india_engineering_private_limited #hindustan_aeronautics_limited
