Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?

Defence stocks declined up to 5% as investors booked profits after a sharp rally triggered by the Defence Acquisition Council’s approval of Rs 52,000 crore worth of acquisition proposals. Despite the correction, brokerages remained positive on the sector, citing strong order inflows and execution opportunities for companies such as HAL and Bharat Electronics.

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