Iran war boosts defence stocks like Paras and ideaForge by up to 13%
Published on 02/03/2026 10:55 AM
Iran war boosts defence stocks like Paras and ideaForge by up to 13%For 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, 10:55:17 AM IST (Updated)2 Min ReadIndia's defence companies, Paras Defence and ideaForge Technology, are trading with gains of up to 13% each after the escalation of the geopolitical tensions in West Asia, which have translated into a full-blown war across the region. Shares of Bharat Dynamics and Data Patterns are also trading up 3% to 4%.
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 demand for defence equipment and the components required to manufacture them increases.
For the first two months of the year, the Nifty India Defence Index has risen 5%, with stocks like MTAR Technologies up 57% during this period. Bharat Forge shares have risen 30% so far, while those of Data Patterns and BEL are up 30% and 11%, respectively, 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 underperformed in February.
Bharat Dynamics, which has also been an underperformer in February, is also down nearly 40% from its 52-week high.Continue Reading(Edited by : Sriram Iyer)First Published: Mar 2, 2026 8:48 AM ISTTagsBharat Dynamics sharesBharat Electronics Limited BELBharat ForgeData Patterns share pricedefence stocksiran crisisMTAR Technologiesshare market todayUS-Iran Tension