🚀 Mazagon Dock Share Price Skyrockets After Announcement by Defence Minister Rajnath Singh 🚀
Since the shift in power to the NDA in the center, the stock market has picked up pace. Defense shares are also seeing a significant surge in value. In Friday’s session, defense shares showed impressive returns, with some shares rising by up to 20%. One of the main reasons for this growth is a major announcement in the defense sector by Union Minister Rajnath Singh.
Over the past few years, the Modi government has made several advancements in the defense sector. The government will continue to focus on this sector in the future as well. In the meantime, in Modi 3.0, newly appointed Defense Minister Rajnath Singh has announced that the government aims to increase defense exports to ₹50,000 crores in the next five years. Investors have responded positively to his announcement, leading to a surge in defense shares.
Central Minister Rajnath Singh stated that the security of the country is our top priority. We want to develop a strong and ‘self-reliant’ India. We aim to make the country self-reliant in defense production. Over ₹21,000 crores worth of defense equipment has been exported so far. Our goal is to increase this figure to ₹50,000 crores in the next five years.
Top Defense Shares Surging by 20%:
- PTC Industries: Share rose by 20% to reach a record high of ₹14,930.
- Paras Defence and Space Technologies: Share increased by 18% to ₹1,141.
- BEML: Share surged by 13% to reach ₹4,516.95.
- Bharat Electronics: Share rose by over 3% to ₹310.
- MTR Technologies: Share climbed by almost 4% to ₹1,897.
- Ideaforge Technologies, Jen Technologies, and Astra Microwave Products: Share increased by 8%.
- Cochin Shipyard: Share climbed by nearly 6% to reach a 52-week high of ₹2,175.
- Mazagon Dock Shipbuilders: Share surged by over 17% to hit a record high of ₹3,990.
With the defense sector poised for growth and development under the new government’s vision, investors are showing strong interest in defense shares. The future looks promising for the defense industry in India.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
