Defence Sector

Indian markets may remain volatile in the week ahead (09–13 March 2026) as geopolitical tensions in the Middle East push crude oil prices to multi-year highs and FII selling continues. Investors will track global inflation data and sectoral trends across oil, defence, coal, and liquor stocks.

Indian equities are set for a cautious start as rising crude oil prices and geopolitical tensions weigh on global sentiment. While oil-sensitive sectors may face pressure, investors will watch whether volatility turns into opportunity or signals a deeper correction.

Stocks in focus on year-end: PowerGrid wins BESS project, RITES bags $3.6 mn order, Privi sees ₹700 Cr block deal, IFCI exits NEDFi stake, Bharat Forge wins ₹1,662 Cr defence order.

Despite the EBITDA loss, Bharat Dynamics maintained profitability for the quarter, boosted by increased interest income from a strong cash balance.

Garden Reach recently also entered into another contract in Bangladesh to deliver a Trailing Suction Hopper (TSH) dredger.

The board has recommended a final dividend of ₹0.85 per share (face value of ₹5) for the year ending March 31, 2024.

A ₹5,249.72 Crore contract with Hindustan Aeronautics Limited (HAL) for MiG-29 aircraft aero-engines was signed, promoting indigenous manufacturing.