Defence Stocks Rally Up To 11%: Garden Reach, Paras Defence, Cochin Shipyard Lead

Last Updated:May 16, 2025, 11:54 IST

Defence stocks in India continued their bullish run on Friday, driven by strong earnings, healthy order pipeline, and robust policy support

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Defence stocks Rise Today: Defence stocks in India continued their bullish run on Friday, driven by strong earnings, a healthy order pipeline, and robust policy support. Leading the charge were Garden Reach Shipbuilders & Engineers Ltd, Paras Defence and Space Technologies Ltd, and Cochin Shipyard Ltd. The broader market also mirrored the upbeat sentiment around the defence sector, underscoring growing investor confidence in indigenous defence manufacturing.

Garden Reach Shipbuilders saw its shares jump as much as 11% in early trade. At 11:37 a.m., the stock was trading 11% higher at Rs 2,507. Cochin Shipyard Ltd also posted impressive gains, climbing 7.43% to Rs 1,946.70 per share. Paras Defence and Space Technologies Ltd surged 6.26%, trading at Rs 1,609.30. Other key players such as Bharat Dynamics Ltd and Data Patterns Ltd also saw strong buying interest, rising 5.60% and 5.44%, respectively.

The NSE Nifty India Defence index rose 3.67% by 9:40 a.m., reflecting a broader uptrend across defence-related stocks. Analysts believe this rally is not just a short-term trend but is backed by concrete developments. The market sentiment has been significantly buoyed by Operation Sindoor, India’s recent military response to cross-border terrorism, which showcased the country’s advanced and increasingly self-reliant defence capabilities.

Earnings have also played a crucial role in reinforcing investor confidence. Cochin Shipyard reported an 11% year-on-year increase in consolidated net profit for the fourth quarter of FY25, amounting to Rs 287 crore. Its revenue grew 37% during the same period. Garden Reach also delivered a strong set of numbers, with its quarterly profit after tax and EBITDA beating market expectations, indicating solid operational performance.

The ongoing rally is further supported by Prime Minister Narendra Modi’s push for domestic defence production under the ‘Atmanirbhar Bharat’ initiative. With enhanced budgetary allocations and increasing focus on indigenous development of weapons systems and platforms, the sector is witnessing renewed attention from both institutional and retail investors. Brokerages estimate that the order books of key defence shipbuilders such as Mazagon Dock, GRSE, and Cochin Shipyard could potentially triple by FY27, indicating long-term growth potential.

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