Following a continuous run in the last several trading days, defence stocks took a small break today as investors booked profits. Shares of Bharat Dynamics dropped 5.6% to ₹1,536 each, while Hindustan Aeronautics and Bharat Electronics dropped 4.8% and 3%, respectively.
Stocks of multibagger shipbuilders, including Garden Reach Shipbuilders & Engineers, Cochin Shipyard and Mazagon Dock Shipbuilders, fell by 3% to 5%.
Throughout intraday trading, the following defence stocks had declined: ideaForge Technology, Zen Technologies, Avantel, PTC Industries, Solar Industries India, Astra Microwave Products, MTAR Technologies and Walchandnagar Industries. Despite the decline in shares, Paras Defence maintained its 2% gain, trading at ₹1,437 per share.
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