India have successfully conducted the Operation Sindoor where India have hit the target deep inside the Pakistan Terrorist Camps. India have used missiles like Brahmos and others along with that it has intercepted almost all the missiles as well as drones coming from Pakistan and neutralized them with the help of S400 and Akash. Now after this suucceful operation, Indian Stock market is on a roll specially the defence stocks.
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This is mainly because we have seen how good the missiles and other defence equipments are there. And most of them are manufactured in India. So basically people have a good faith in defence stocks now after this victory. And that's why the defence stocks are rising like anything. I have invested in HAL I.e. Hindustan Aeronautical Limited which manufactures jets and other things, which is also rising.
Along with that I have invested in MODEFENCE ETF which is actually invest in all the defence stocks. It was going down heavily but in the last few trading session, it has given me a great return. I also feel that it is the great time to invest in the defence stocks now because since there was a war happened and to fulfill future demand, the Indian government might increase their defence budget. And if that happens we will see more and more money flowing in these defence stocks.
I talked about HAL, and there is one more stock named Mazgoan Dock which is also increasing like anything. I remeber thinking of buying it after the IPO at Rs 200, but didn't, but the same stock as of today is trading at Rs 3.5K. This is mainly because it gets a lot of older from the Indian Government. It is also helping Indian Navy to build its ship. So it doesn't directly comes under the defence but still if the defence budget increases we will see this stock rising like anything.
