Wednesday, August 19
Shares of defence companies surged on Monday, January 5, as rising geopolitical tensions between the US and Venezuela drove investor interest towards defence-related counters. The rally came after the United States launched a large-scale military operation in Venezuela, escalating tensions in the region and triggering a risk-on sentiment for defence manufacturing companies.As of 10:50 AM on Monday, MTAR Technologies shares rose 4.21% to hit a day’s high of Rs 2,523 on the BSE. Paras Defence shares advanced 2.80% to touch Rs 713, while Hindustan Aeronautics Ltd (HAL) shares climbed 2.42% to Rs 4,544.9.Further, the shares of Solar Industries surged 3.90% to a high of Rs 12,840, while those of Bharat Electronics Ltd (BEL) gained 3.19% to Rs 418.6, and Bharat Dynamics (BDL) rose 3.27% to Rs
