This small-cap defence stock jumps over 11%, rising for the second straight day; check details

The stock saw traded volume of 46.2 lakh shares worth 840.2 crore. Meanwhile, its total market cap stood at ₹21,174 crore. So far this month, Garden Reach Shipbuilders' shares rose over 10%, while year-to-date the stock is up 15.5%.

Garden Reach Shipbuilders, along with other defence stocks are in the spotlight amid rising geopolitical tensions between India and Pakistan after the Pahalgam terror attack. Media reports suggest multiple ceasefire violations over the weekend.

Last week, Garden Reach Shipbuilders signed a 30-year lease agreement with Syama Prasad Mookerjee Port, Kolkata (SMPK), for a land parcel at Timber Pond, Howrah. This leased land will support the company’s initiatives like shipbuilding, ship repair and other engineering activities.

Additionally, defence stocks are in focus after India signed a ₹63,000 crore deal with France to purchase 26 new Rafale fighter jets for the Navy. Out of 26 jets, 22 are single-seater and four are twin-seater fighters. These jets will be made by France's Dassault Aviation, and deliveries of the Rafale M jets will begin in 2028 and are expected to be completed by 2030. Training of Indian Navy aircrews will be conducted in both countries.

Meanwhile, other defence stocks like Paras Defence and Space Technologies, Mazagon Dock Shipbuilders, Data Patterns (India), and Cochin Shipyard are also trading higher between 7% and 11%.