Saturday, May 10, 2025

Defense related stocks surge; Ideaforge tech jumps 20%

Defense stocks surged as geopolitical tensions flared between India and Pakistan, following Pakistani drone attacks and ceasefire violations along the border. India's military responded forcefully, boosting expectations of increased defense spending. Shares of major defense and drone companies, including Bharat Electronics, Hindustan Aeronautics, and Ideaforge, rallied strongly. Analysts cite heightened security focus as the driver of the market momentum.

from Tech-Economic Times https://ift.tt/LC4pbth

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