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Defence Sector Shares Surge After ₹5,083 Crore Deals and US-Iran Tensions; Explore Goldman Sachs' Top Picks
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Defence Stocks Soar on ₹5,083 Cr Deals, US-Iran War; Goldman Sachs Top Picks Revealed
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CNBC TV18
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04-03-2026, 09:23
Defence Stocks Soar on ₹5,083 Cr Deals, US-Iran War; Goldman Sachs Top Picks Revealed
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Indian defence stocks like Paras Defence, ideaForge Technology surged up to 7% amid the US-Iran conflict.
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Ministry of Defence signed ₹5,083 crore contracts for Advanced Light Helicopters Mk-III and VL-Shtil missiles.
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Hindustan Aeronautics (HAL) secured a ₹2,901 crore deal for ALH Mk-III, strengthening Coast Guard capabilities.
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Goldman Sachs maintains a positive outlook, recommending 'Buy' on Solar Industries, PTC Industries, and preferring Bharat Electronics.
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Global defence counters, especially in South Korea, also rallied significantly, outperforming broader markets.
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