HAL, GRSE, other defence stocks rally up 11% amid India-Pakistan tensions, Rafale deal announcement

April 28, 2025

Shares of defence-related companies like Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics rallied on Monday, amid heightened tensions at the Line of Control (LoC) following the recent Pahalgam terror attack and multiple ceasefire violations over the weekend.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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