Defence Stocks on Fire: BEL, Cochin Shipyard, Mazagon Share Price Surge Amid ‘Make in India’ Push

Market Performance

India’s defence sector stocks continued their dream run on Friday, marking the sixth consecutive session of gains. The Nifty India Defence Index soared to a 52-week high, gaining nearly 20% since May 9.

All 18 stocks within the index traded in the green, with several delivering double-digit intraday returns. The rally was broad-based and aligned with the government’s firm backing of indigenous defence capabilities.

Main News

Cochin Shipyard led the pack, which surged 13.54% to an intraday high of ₹2,057.50 on the NSE.

Mazagon Dock Shipbuilders wasn’t far behind, climbing 9.72% to touch a new 52-week high of ₹3,491.90. The stock has gained close to 19% in the past four sessions.

Bharat Electronics Ltd (BEL)—a Nifty50 constituent—rose 3.8% to hit a 52-week high of ₹363.70.

Other key performers included:

• Bharat Dynamics Ltd: ↑ 7.31% to ₹1,938.60
• Garden Reach Shipbuilders: ↑ 11.84% to ₹2,526.40
• HAL and Paras Defence: Up 5-6% intraday

The surge in share prices comes after Prime Minister Narendra Modi's recent statements emphasizing 'Made in India' defence manufacturing and the need for next-gen military preparedness.

Company Highlights

BEL (Bharat Electronics Ltd)

• Reached a new 52-week high: ₹363.70
• Intraday gain: 3.8%
• Part of the Nifty50 index

Cochin Shipyard

• Led the rally with a 13.54% rise
• Hit ₹2,057.50 intraday
• Gains driven by repair orders for INS Vikrant and Vikramaditya

Mazagon Dock Shipbuilders

• Rose 9.72% intraday
• New 52-week high: ₹3,491.90
• Up 19% over the last four sessions

Garden Reach Shipbuilders

• Gained 11.84%
• Price reached ₹2,526.40
• Six-session rise: nearly 40%

What’s Fueling the Rally?

Several key factors have boosted investor sentiment in defence stocks:

• The government pushes for local defence manufacturing
• Renewed focus on strategic self-reliance
• Success of Operation Sindoor, where the BrahMos missile system played a critical role
• Interest from over a dozen countries in purchasing the BrahMos system

The combination of policy support, export potential, and strategic achievements has strengthened market confidence in India’s defence sector.

Summary

Stocks like BEL, Cochin Shipyard, and Mazagon Dock are soaring because of strong national policy initiatives and increasing global interest in Indian defence capabilities.

With the Nifty India Defence Index at a 52-week high and major players like Cochin Shipyard and BEL touching new peaks, the momentum reflects the market’s faith in India's Make in India mission for defence.

As long as strategic support continues and order visibility remains strong, the rally in defence shares may have more fuel left in the tank.