Defence stocks plunge on profit booking; Paras Defence, GRSE, BEL, Bharat Dynamics, among top losers

Defence stocks witnessed a sharp decline on Monday amid broad-based market weakness and heavy profit booking. The Nifty India Defence index dropped 1.45%, reflecting widespread selling pressure across key constituents.

Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%.

On the flip side, DCX Systems, Unimech Aerospace and Manufacturing, BEML, Cyient DLM and Hindustan Aeronautics (HAL) were the only gainers in the Nifty India Defence index.

(To be updated)

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories