Indian defense stocks continue to rise due to tense relations between the US, Israel, and Iran

2026-03-06 14:54:41

Investing.com – Indian defense stocks rose 4.9% this week, marking the fourth consecutive week of gains, with a total increase of 9.9%, the longest streak since June.

As the conflict between the United States, Israel, and Iran escalates, defense stocks have surged significantly.

Paras Defence (NS:PRAF) led this week with an 18.4% increase, followed by drone manufacturer Ideaforge (NS:IDEF), which rose 9%.

Bharat Dynamics (NS:BARA) increased 7.2% this week. The company’s clients include Israeli defense equipment manufacturer Rafael.

Bharat Electronics (NS:BAJE) rose 6.1%, making it the top-performing stock in the Nifty 50 index this week.

Zen Technologies (NS:ZETE) gained 4.5% this week.

Year to date, the Indian Defense Index has increased by 10.1%.

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