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Defence stocks have added ₹1.2 lakh crore to their market capitalisation in 12 trading sessionsStocks like Hindustan Aeronautics and Bharat Electronics have seen the largest addition in market capitalisation terms, while Garden Reach has been the biggest gainer in percentage terms. By Hormaz Fatakia    | Yoosef K   May 15, 2025, 7:01:54 AM IST (Published)3 Min ReadIndia's defence companies, including those owned majorly by the government, have had a stellar rally over the last 12 trading sessions, resulting in an addition of over ₹1 lakh crore to their overall market capitalisation.

Defence stocks like Hindustan Aeronautics Ltd. (HAL), Bharat Electronics Ltd. (BEL), Mazagon Dock Shipbuilders Ltd., Cochin Shipyard Ltd., Garden Reach Shipbuilders Ltd., Bharat Dynamics Ltd., BEML Ltd., Data Patterns Ltd. and Zen Technologies Ltd., have together added ₹1.22 lakh crore to their overall market capitalisation since the closing of April 25.

Stocks like Hindustan Aeronautics and Bharat Electronics have seen the largest addition in market capitalisation terms, while Garden Reach has been the biggest gainer in percentage terms.

StockGains Since April 25Market Cap Addition (₹ Cr)Hindustan Aeronautics14%38,227Bharat Electronics16%34,173Mazagon Dock16%16,824Bharat Dynamics25%12,921Cochin Shipyard20%7,468Garden Reach35%6,543BEML11%1,415Data Patterns21%2,529Zen Technologies15%1,913

Defence stocks have been in the spotlight since tensions rose between India and Pakistan across the border after the terrorist attack at Pahalgam in Jammu & Kashmir, which culminated in Operation Sindoor, where India's defence system thwarted multiple attempts from across the border to attack the country's air bases.

India's defence companies were also praised by Prime Minister Narendra Modi in his address to the nation on Tuesday, May 13, where he also said that the time has come for defence equipments that are "Made in India."

India's defence exports have also seen a sharp surge to ₹23,622 crore in financial year 2025, a 12% growth from the previous figure of ₹21,083 crore.

In a post on "X" the Ministry of Defence posted that India is aiming for ₹50,000 crore in defence exports to over 80 countries by over 2029. The number is also a 34 times increase from the financial year 2014 figure of ₹686 crore.

Defence stocks like Garden Reach and Hindustan Aeronautics also reacted to their quarterly results on Wednesday, while stocks like Cochin Shipyard will be reporting their results during Thursday's trading session.

"I think some of the defence names are definitely looking interesting. And if you look at something like Garden Reach Shipyard, it's looking pretty good. I was already bullish on Mazagon Dock, but it's a bit late now. Garden Reach possibly could mimic Mazagon Dock’s moment. And as a sector as such, I'm more bullish on the capital goods space, where some of the defence stocks are also there. HAL itself might be a good bet there. Besides that, I also like ABB and Schaeffler from the capital goods space," Jai Bala of cashthechaos.com told CNBC-TV18 on Tuesday.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBharat Dynamics sharesBharat Electronics (BEL)Cochin Shipyarddefence stocksGarden Reach ShipbuildersMazagon Dock Shipbuildersshare market today