Defence stocks surged by up to 8% following Defence Minister Rajnath Singh’s announcement of a record defence production of Rs 1.50 lakh crore for FY 2024-25, marking an 18% increase from the previous year and a staggering 90% rise since 2019-20. Companies like HAL, Paras Defence, and Bharat Dynamics were notable gainers. Additionally, DRDO chief Samir Kamat praised the success of Operation Sindoor, which highlighted India’s self-reliance and technological prowess with homegrown systems deployed in response to security threats. This robust growth in defence production and operational success underscores India’s commitment to enhancing its military capabilities and strategic autonomy through indigenous innovation.