Israel -ran War Buzz: Defense stocks rally despite weak market sentiments; Ideaforge up 8%

Israel -ran war buzz: The Indian Defense Companies Saw a Significant Rally in Friday’s Trading Session Despite Stock Market Crash, Following a Wave of Military Strikes by Israel On Iran, CONFERNS AbOT ABOUT ABOUT A WODLICT Have Resurfaced, Prompting Increased Investor Interest In Defense-Related Companies.

Shares of Ideaforge Technology surgged by up to 8.1 per cent on the bse, Reaching 599.60, emerging as the top Gainer Among Indian Defense Stocks. Meanwhile, Bharat Dynamics Share Price Rallied 4.6 per cent to 1930.40 on July 13.

Shares of Garden Reach Shipbuilders Rose by 6%, While Zen Technologies and Cochin Shipyard are up by 4%to 5%.

Other Defense Stocks Like Paras Defense, Hindustan Aeronautics (HAL), Bharat Electronics (BEL) Shares WERES WHERES WHERESO UP BETWEEN 1-3 per cent.

As of 09:30 AM, the nifty India defense index was the only sectoral index in the green, rising 0.6 per cent, while the nifty 50 dropped 1.1 per cent.

Why Defense Stocks Are Rising?

Earlier Today, Israel Carried Out Targeted Attacks on Iran’s Nuclear Facilites, Resulting in Several Casualties. In Response, Iran has pledged to retaliate, with reports suggesting that it has launched as many as 100 draones israel.

In the early hours of Friday, israel carried out a “Prestive Strike” on Iran’s Capital, Tehran, According to Defense Minister israel katz. Loud explosions were reported across the city that morning.

“Moments ago, israel launched operation lion, a targeted Military operation to roll back the Iranian threat to israel’s very survival. Israel’s Prime Minister Benjamin Netanyahu was quoted as saying in a video message.

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