Defence Stocks Shine: GRSE, Cochin Shipyard, BEL Share Price Surge Amid Market Rally

Market Performance

Defence shares continued their winning streak for the fourth straight session, capturing the spotlight in today’s stock market. The momentum was strong, led by Garden Reach Shipbuilders & Engineers (GRSE), Cochin Shipyard, and Bharat Electronics Ltd (BEL).

The Nifty India Defence Index rose 2% in Wednesday’s trade, with all 18 constituents in green. Over the past four sessions, the index has rallied 7.3%, reflecting a surge in investor confidence in the defence sector.

This sharp rise comes on the back of the Defence Ministry’s approval of the new Defence Procurement Manual (DPM) 2025—a development that has lifted market sentiment and boosted trading activity.

Why Defence Stocks Are Rallying?

The approval of DPM 2025 has been a key trigger. The revised framework is designed to:

• Expedite revenue procurement for armed forces.
• Encourage domestic industry participation in defence manufacturing.
• Align procurement processes with modern warfare requirements.

Officials noted that the manual aims to “streamline, simplify, enable and rationalise” procurement, ensuring faster decision-making and timely resource allocation. For investors, this signals stronger growth visibility for companies in the defence sector.

Company-Wise Performance

Garden Reach Shipbuilders & Engineers (GRSE)

GRSE led the rally in Wednesday’s session.

• Share Price: Jumped 7.5% to an intraday high of ₹2,624 on NSE.
• Trading Volume: Around 2.7 lakh shares traded, generating a turnover of ₹69.13 crore.
• Market Cap: Stood at ₹29,119.12 crore.
• By 11:30 am, NSE volumes crossed 30.5 lakh shares, reflecting strong investor participation.

This rise came after GRSE had seen two sessions of decline, marking a sharp rebound.

Cochin Shipyard

Cochin Shipyard also rode the rally wave.

• Share Price: Gained 2.5%, reaching ₹1,866 apiece on NSE.
• Strong demand and investor interest helped extend its positive momentum.

Bharat Electronics Ltd (BEL)

BEL remained firm in trade, supported by fresh orders.

• Share Price: Rose 2.16% to ₹411.45 on NSE around 11:30 am.
• New Orders: Since September 1, BEL has secured contracts worth ₹712 crore.
• These orders span across IT infrastructure, cybersecurity, electronic systems, blockchain platforms, communication equipment, spares, and services.

Summary

The defence sector has been buzzing with activity, and Wednesday’s session was another proof of that momentum.

• The Nifty India Defence Index gained 2% today and 7.3% in four sessions.
• GRSE soared 7.5%, Cochin Shipyard added 2.5%, and BEL rose 2.16%.
• The approval of DPM 2025 has strengthened investor confidence, paving the way for more efficient procurement and stronger participation from domestic defence companies.

As the market sentiment turns bullish on defence, stocks like GRSE, Cochin Shipyard, and BEL continue to be the centre of attention in the stock market today.