Market Performance
This week, the Indian stock market witnessed a robust upswing, with 23 Nifty 500 stocks hitting fresh 52-week highs. Leading the rally were defence and financial stocks, highlighting a renewed investor interest amid positive domestic and global cues.
Notably, the Nifty India Defence Index surged nearly 9% in May so far, outperforming both the Nifty 50 and Sensex, which saw more modest gains of over 1.5% in the same period.
Main News
Defence stocks dominated the spotlight as companies like Bharat Electronics (BEL), Bharat Dynamics, and Mazagon Dock Shipbuilders scaled new yearly peaks. The continued rally in these stocks follows India’s recent showcase of indigenous defence systems and rising geopolitical tensions.
Here are some of the key performers:
- Bharat Electronics (BEL) surged 4.2% to a new 52-week high of ₹346.95
- Bharat Dynamics gained 2%, touching ₹1,820.90
- Mazagon Dock Shipbuilders soared to ₹3,230, marking a 38% rise in 2025 so far
- Solar Industries India climbed to ₹13,910
The BSE also joined the list of top gainers, underlining the broad-based rally across sectors.
Company Details
Defence Sector in Focus
The rise in defence stocks like BEL and Bharat Dynamics is being fuelled by:
- Renewed geopolitical tensions between India and Pakistan
- Increased global interest in Indian-made defence products
- Ongoing policy reforms aimed at promoting indigenous defence manufacturing
India's defence exports touched a record ₹23,622 crore (approx. USD 2.76 billion) in FY 2024–25, highlighting the global demand for locally made equipment.
Other Top Performers
Apart from defence, several other Nifty 500 stocks reached fresh peaks:
- Authum Investment & Infrastructure – ₹2,156.85
- APL Apollo Tubes – ₹1,766.40
- JK Cement – ₹5,362.20
- Dalmia Bharat – ₹2,080
- Max Financial Services – ₹1,351
- CEAT – ₹3,960
- City Union Bank – ₹196.25
- Hitachi Energy India, Coromandel International, Vishal Mega Mart, and others also hit their 1-year highs
This broad rally indicates strong investor confidence in sectors ranging from infrastructure and finance to energy and healthcare.
Summary of the Article
The Indian equity market remains buoyant, with BEL, Bharat Dynamics, and BSE share prices reaching new 52-week highs. The defence sector continues to lead the momentum, supported by favourable policy shifts and export growth.
In total, 23 Nifty 500 stocks reached new highs this week, underlining the positive sentiment across Dalal Street. As defence exports surge and investor optimism stays strong, all eyes will be on whether this bullish trend sustains in the coming weeks.
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