Ideaforge, HAL, and other defence stocks rally up to 8% as war bets heat up after Israel bombs Iran

June 13, 2025

Defence stocks rallied on Friday after Israel launched military strikes on Iran, heightening geopolitical tensions and boosting investor interest in the sector. Ideaforge led the surge with an 8.1% jump, followed by gains in Astra Microwave, Bharat Dynamics, and HAL. The rally was fueled by reports of targeted Israeli attacks on Iranian nuclear sites and key military personnel.

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