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
