Defence stocks advanced on Wednesday, with shares of key companies like Mazagon Dock Shipbuilders surging up to 4%, after the Indian Armed Forces launched Operation Sindoor on May 7. The operation targeted terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK), from where attacks against India have been planned and directed.
Shares of defence companies rallied in response. Hindustan Aeronautics (HAL) rose 1.8% to Rs 4,589, Cochin Shipyard jumped 2% to Rs 1,511, and Bharat Dynamics gained 1.7%. Data Patterns advanced 1.3%, Mazagon Dock Shipbuilders climbed as much as 3.7% to Rs 3,077.80, while Paras Defence rose 3% to Rs 1,393.80.
The Ministry of Defence announced that India struck nine terror-related targets in Pakistan and PoK using special precision munitions. Key locations included Bahawalpur, Muridke, and Sialkot. The operation involved coordinated efforts from the Army, Navy, and Air Force, with assets and troops mobilised for the mission.
Read More: Will India-Pakistan conflict lead to a major stock market decline?
Officials said the targets were hubs used to plan and direct terrorist attacks against India.
"A little while ago, the Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed," the Ministry of Defence had said.
"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted. India has demonstrated considerable restraint in selection of targets and method of execution," it said.
Also Read: GIFT Nifty signals weak start after India strikes terror camps in Pakistan, PoK
The operation comes in response to the recent terrorist attack in Pahalgam, which claimed the lives of 25 Indian nationals and one Nepali citizen.
"There will be a detailed briefing on 'OPERATION SINDOOR', later today," the ministry said. Meanwhile, the Indian Army posted on X: "Justice is served. Jai Hind!"
The Ministry of Defence (MoD) has announced that a press briefing on Operation Sindoor will be held on Wednesday at 10:00 AM. Further details regarding the operation are expected to be shared during the briefing.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Shares of defence companies rallied in response. Hindustan Aeronautics (HAL) rose 1.8% to Rs 4,589, Cochin Shipyard jumped 2% to Rs 1,511, and Bharat Dynamics gained 1.7%. Data Patterns advanced 1.3%, Mazagon Dock Shipbuilders climbed as much as 3.7% to Rs 3,077.80, while Paras Defence rose 3% to Rs 1,393.80.
The Ministry of Defence announced that India struck nine terror-related targets in Pakistan and PoK using special precision munitions. Key locations included Bahawalpur, Muridke, and Sialkot. The operation involved coordinated efforts from the Army, Navy, and Air Force, with assets and troops mobilised for the mission.
Read More: Will India-Pakistan conflict lead to a major stock market decline?
Officials said the targets were hubs used to plan and direct terrorist attacks against India.
"A little while ago, the Indian Armed Forces launched 'OPERATION SINDOOR', hitting terrorist infrastructure in Pakistan and Pakistan-occupied Jammu and Kashmir from where terrorist attacks against India have been planned and directed," the Ministry of Defence had said.
"Our actions have been focused, measured and non-escalatory in nature. No Pakistani military facilities have been targeted. India has demonstrated considerable restraint in selection of targets and method of execution," it said.
Also Read: GIFT Nifty signals weak start after India strikes terror camps in Pakistan, PoK
The operation comes in response to the recent terrorist attack in Pahalgam, which claimed the lives of 25 Indian nationals and one Nepali citizen.
"There will be a detailed briefing on 'OPERATION SINDOOR', later today," the ministry said. Meanwhile, the Indian Army posted on X: "Justice is served. Jai Hind!"
The Ministry of Defence (MoD) has announced that a press briefing on Operation Sindoor will be held on Wednesday at 10:00 AM. Further details regarding the operation are expected to be shared during the briefing.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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