India Defense Stocks Plunge on U.S. Iran-Israel Ceasefire

  Published 1 year ago

Indian defense stocks drop after Trump announces Iran, Israel ceasefire, with GRSE and PRAF leading losses.

  • Defense index.NIFTYINDDEFENCE falls 2%, worst day in a month amid conflict resolution hopes.
  • GRSE slumps 6.7%, PRAF drops 4.3% as ceasefire eases demand for military equipment.
  • HAL, Ideaforge fall ~2%, while Zen Tech and Bharat Dynamics lose 3.6% and 3.4% respectively.

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