India’s defence counters lit up Dalal Street on Wednesday, May 14, as investor confidence surged post Operation Sindoor and PM Modi’s emphatic call for self-reliance in military manufacturing.
Cochin Shipyard jumped 11 per cent to Rs 1,749 apiece, followed by Paras Defence (up 8.4 per cent), Mazagon Dock (6.6 per cent), and Bharat Dynamics (4.4 per cent). BEL and HAL also closed over 2 per cent higher, while Zen Technologies hit the 5 per cent upper circuit.
Operation Sindoor boosts investor trust in Indian-made military systems
The market rally was underpinned by Operation Sindoor — India’s high-precision military response to the April 22 Pahalgam terror attack — which prominently featured Indian-made systems in live combat.
In his first public address after the four-day operation, PM Modi said, “We have proven our dominance in modern warfare. The time has come for ‘Made in India’ defence equipment.”
PM Modi’s Adampur airbase visit dispels S-400 fake news
Taking a direct swipe at Pakistan’s propaganda, the Prime Minister visited Punjab’s Adampur airbase and posed with the S-400 missile system — a symbolic rebuttal to Islamabad’s false claim of having destroyed it.
“Pakistan claimed that it damaged our S-400 and BrahMos missile bases with its JF-17, which is completely wrong,” said Colonel Sofiya Qureshi in a press briefing. “It also spread false claims that our airfields in Sirsa, Jammu, Pathankot, Bhatinda, Naliya, and Bhuj were hit. All of these are misinformation.”
Global confidence in Indian arms tech gets a shot in the arm
Defence analysts believe the market is reacting to the rising credibility of India’s indigenous weaponry. Operation Sindoor used a mix of Russian, French, Israeli and Indian systems — with India-made equipment playing a central role.
“Indian platforms are now battle-tested,” said a senior official, noting global interest is likely to climb post-strikes.
From geopolitics to stock picks, ‘Make in India’ is now a full-blown Dalal Street theme. As global tensions rise, Indian defence stocks like Cochin Shipyard, BDL, Paras, BEL and HAL are not just strategic assets — they are wealth creators in uniform.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.