Defence stocks BEL, BDL and peers in the spotlight amidst Iran-Israel-US war
Published on 02/03/2026 08:48 AM
Defence stocks BEL, BDL and peers in the spotlight amidst Iran-Israel-US warFor the first two months of the year, the Nifty India Defence Index has gained 5% so far, with stocks like MTAR Technologies already having risen 57% during this period. Bharat Forge shares have risen 30% so far, while those of Data Patterns, and BEL are up 30% and 11% so far during this period.By Hormaz Fatakia March 2, 2026, 8:48:28 AM IST (Published)2 Min ReadIndia's defence companies, Bharat Electronics Ltd. (BEL), Bharat Dynamics Ltd. (BDL), Mazagon Dock, MTAR Tech, Bharat Forge, and others will be in focus on Monday, March 2, after the escalation of the geopolitical tensions in West Asia, which have translated into a full-blown war across the region.
As per the recent updates, Hezbollah has attacked Israel in retaliation for the killing of Iran's Supreme Leader Khamenei, claiming that it has fired rockets and drones into Israel. On the flip side, the Israeli army has said that it has struck senior Hezbollah militants in the Beirut area and in Southern Lebanon.
Defence stocks generally react positively to conflicts like these as this increases the demand for defence equipment as well as the components required to manufacture them.
For the first two months of the year, the Nifty India Defence Index has already risen 5% so far, with stocks like MTAR Technologies already having risen 57% during this period. Bharat Forge shares have risen 30% so far, while those of Data Patterns, and BEL are up 30% and 11% so far during this period.
Shares of MTAR Tech are trading close to their 52-week high levels of ₹3,907, those of BEL are also nearing their record high level of ₹461. Shares of Bharat Dynamics were underperformers in the month of February. However, those of Bharat Dynamics have been underperformers in February and are also down nearly 40% from their 52-week high.Continue ReadingTagsBharat Dynamics sharesBharat Electronics Limited BELBharat ForgeData Patterns share pricedefence stocksiran crisisMTAR Technologiesshare market todayUS-Iran Tension