Defence stocks rally up to 4% after Modi's call for ‘Made in India’ military gear, battle-tested arms shine in Operation Sindoor

Defence stocks rallied up to 4% connected Tuesday aft Prime Minister Narendra Modi called for greater military self-reliance, pursuing India’s motorboat of Operation Sindoor successful effect to the April 22 Pahalgam panic attack.

The shares of Cochin Shipyard roseate the highest by 3.7% to their day’s precocious of Rs 1,577.30 connected the BSE, followed by Mazagon Dock Shipbuilders shares, which surged by 2.6% to Rs 2,979.90.

Meanwhile, the shares of Hindustan Aeronautics Ltd (HAL), Garden Reach Shipbuilders & Engineers (GRSE) and BEL rallied betwixt 2-2.5%.

In his archetypal code to the federation since the operation, PM Modi said India has demonstrated its spot successful modern warfare and indispensable present pb successful defence innovation done indigenous technology.

“We person proven our dominance successful new-age warfare,” Modi said. “We person ever defeated Pakistan connected the battlefield, and contiguous we person demonstrated our superiority successful modern warfare. The clip has travel for ‘Made successful India’ defence equipment. We person adopted a zero-tolerance argumentation towards terrorism.”

Operation Sindoor not lone avenged the Pakistan-sponsored panic onslaught but besides served arsenic a uncommon accidental for India to showcase its subject strength. The four-day 'near-war' featured a divers premix of Russian, French, Israeli and indigenous hardware. However, what stood retired was the palmy deployment of India-made weapons and defence systems successful a existent combat script against a adjacent adversary.

This has elevated the planetary credibility of India's defence industry. With indigenous systems present battle-tested, India whitethorn spot greater involvement from planetary buyers — perchance turning Operation Sindoor into a almighty promotion for 'Make successful India' weaponry.

India's propulsion for defence self-reliance has gathered momentum nether the Atmanirbhar Bharat initiative. Domestic accumulation touched Rs 1.27 lakh crore successful FY24, marking a 174% leap from 2014–15, driven mostly by argumentation reforms and strategical initiatives similar iDEX, SAMARTHYA, and the SRIJAN programme.

Defence exports besides surged to a grounds Rs 23,622 crore (approx. US$2.76 billion) successful FY25, a 12% summation implicit FY24 and a astir 30-fold emergence implicit the past decade. India present exports subject instrumentality to implicit 100 countries, with a semipermanent extremity of reaching Rs 50,000 crore successful yearly exports by 2029.

More than 14,000 items person been indigenised, and 3,000 components are present portion of the Positive Indigenisation Lists, aimed astatine reducing dependency connected imports.

On Dalal Street, home defence firms specified arsenic ideaForge, Zen Technologies, Bharat Dynamics, Bharat Electronics, and Mazagon Dock Shipbuilders are expected to beryllium successful absorption amid rising capitalist optimism.

The Prime Minister’s code comes amid reports that Pakistan utilized Chinese combatant jets and Turkish drones during the caller escalation. India’s renewed accent connected self-reliant defence manufacturing appears some strategical and timely, arsenic the state seeks to insulate itself from proviso concatenation vulnerabilities and geopolitical shifts.

With rising planetary involvement and tested capabilities, Indian defence accumulation whitethorn present beryllium entering a caller signifier — 1 wherever home factories and innovation hubs not lone service the equipped forces but powerfulness India’s planetary strategical ambitions.

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