Indian defense stocks surge after Pakistan escalation

Indian defense stocks surge after Pakistan escalation - Bloomberg

RT.com
08 May 2025, 02:34 GMT+10

Domestic military industrial companies have grown in market value, the newspaper has said

India's defense companies have added more than $5 billion to their market value following the escalation of tensions with Pakistan, Bloomberg has reported.

New Delhi has accused Islamabad of harboring terrorists linked to a brutal mass shooting which killed 26 civilians in Kashmir last month. On Wednesday, India said it struck nine "terrorist infrastructure" sites across the border in Pakistan in overnight attacks.

A custom market index tracking ten Indian defense firms shows them growing by around 5% since the April 22 terrorist attack "amid expectations that these firms stand to benefit from the worsening geopolitical situation," Bloomberg wrote on Wednesday. They include India's domestic aerospace firm Hindustan Aeronautics Ltd. and missile company Solar Industries India Ltd.

As of Wednesday, Mumbai-based Mazagon Dock Shipbuilders Ltd. gained as much as 4.6%, while Hindustan Aeronautics gained nearly 2%.

Against the backdrop of the escalating situation with Pakistan, Indian Prime Minister Narendra Modi has reportedly postponed his upcoming trips to Croatia, the Netherlands, and Norway.

Modi will also not be among the international leaders at the upcoming celebrations in Moscow of the 80th anniversary of victory in World War II for the same reason. India will instead be represented by an alternate high-level delegation.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

null in null

International

Section

Dozens dead as Israeli pilots continue to bombard Gaza Strip

Israeli warplanes bomb two schools housing displaced Gazans

GAZA STRIP - From Tuesday night to dawn on Wednesday, Israel Air Force pilots were responsible for the ending of at least forty-nine...

Tesla sales plunge in Europe as Chinese rivals surge

Europeans continue to shun Tesla as April sales plunge

BRUSSELS, Belgium: Tesla's sales in Europe nosedived in April, with sharp drops across multiple countries, including an 81 percent...

Texas approves school vouchers for 5 million students

Texas governor signs largest US school voucher law

AUSTIN, Texas: Over the weekend, Texas Governor Greg Abbott signed a new law that will let more than five million students use state...

U.S. moves to boost air traffic controller workforce

US offers incentives to boost air traffic hiring, retention

WASHINGTON, D.C.: The U.S. Transportation Department says it is working to fix a significant shortage of air traffic controllers by...

Pentagon backs army's right to repair its own weapons

Pentagon to seek 'Right to Repair' provisions in Army contracts

WASHINGTON, D.C.: The U.S. Department of Defense wants to change its contracts so the Army can fix its own weapons instead of always...

Mexico plans to cut work week to 40 hours by 2030

Mexico plans gradual reduction to 40-hour work week by 2030

MEXICO CITY, Mexico: Mexico is laying the groundwork to reduce its standard work week from 48 to 40 hours by 2030, Labor and Social...

India

Section