Defence Sector

Indian drone and defence stocks jumped sharply, led by Paras Defence, ideaForge, and Zen Technologies, as global tensions and increased military drone adoption boosted investor sentiment in the sector.

Apollo Micro Systems Ltd receives lifetime defence manufacturing license for missiles, torpedoes, loitering munitions. Full details on categories, capacity, ecosystem, and 16% stock surge on NSE.

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.