Latest News | Defense Related Stocks in Limelight; Ideaforge Tech Jumps 18 Pc
Get latest articles and stories on Latest News at LatestLY. Defense stocks surged on Friday morning trade as India swiftly thwarted Pakistan's fresh attempts to strike military sites with drones and missiles, including in Jammu and Pathankot, after foiling similar bids at 15 places in northern and western regions of the country, as tensions soared between the two countries amid fears of a wider conflict.
New Delhi, May 9 (PTI) Defense stocks surged on Friday morning trade as India swiftly thwarted Pakistan's fresh attempts to strike military sites with drones and missiles, including in Jammu and Pathankot, after foiling similar bids at 15 places in northern and western regions of the country, as tensions soared between the two countries amid fears of a wider conflict.
Pakistan's armed forces launched multiple attacks using drones and other munitions along the entire western border on the intervening night of May 8-9, which were "effectively repulsed", the Indian Army said on Friday.
Pakistani troops also resorted to "numerous ceasefire violations" along the Line of Control in Jammu and Kashmir, the Indian Army said in an early morning post on X.
Shares of Bharat Dynamics Ltd zoomed 9.73 per cent, Paras Defence and Space Technologies Ltd surged 5.89 per cent, Bharat Electronics Ltd rallied 4.88 per cent, Garden Reach Shipbuilders & Engineers Ltd went up by 3.63 per cent, and Hindustan Aeronautics Ltd climbed 3.60 per cent on the BSE.
Drone manufacturers Ideaforge Technology Ltd jumped 18 per cent and Droneacharya Aerial Innovations Ltd rallied 4.99 per cent.
The drone attacks were "effectively repulsed" and a "befitting reply" was given to the ceasefire violations, the Indian Army said.
"#IndianArmy remains committed to safeguarding the sovereignty and territorial integrity of the Nation. All nefarious designs will be responded to with force," it added.
The developments followed the precise missile strikes carried out by the Indian armed forces on nine terror targets in Pakistan-occupied Kashmir (PoK) and Pakistan early on Wednesday under 'Operation Sindoor', in retaliation for the April 22 Pahalgam terror attack.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)