HAL, Bharat Dynamics, BEL, Mazagon Dock, other defence stocks rise amid escalation in India-Pakistan tensions

Defence stocks climbed on Friday, May 9, amid heightened tensions between India and Pakistan after 'Operation Sindoor'.

Hindustan Aeronautics and Mazagon Dock Shipbuilders were also up 2.18% and 1%, respectively.

In retaliation for the Pahalgam terror attack, Indian armed forces launched 'Operation Sindoor' and carried out missile strikes on Wednesday on nine terror targets in Pakistan and Pakistan-Occupied Kashmir (PoK). The military strikes were conducted two weeks after the killing of 26 civilians in Jammu and Kashmir's Pahalgam in a terrorist attack.

On Thursday night, India foiled Pakistan's attempt to target military stations in border areas.

Stock market benchmark indices NIFTY and SENSEX tumbled in early trade on Friday.

SENSEX tanked 910 points to 79,423 in early trade, while NIFTY declined 311 points to 24,962.

Larsen & Toubro jumped more than 4% after the company posted a 25% increase in consolidated net profit to ₹5,497 crore for the March FY25 quarter.

Titan Company also climbed over 4% after Q4 consolidated profit surged 13% year-on-year (YoY) to ₹871 crore, driven by robust sales.