On Friday, May 16th, major stock market indices experienced a decline. At 10:02 AM, the BSE Sensex fell by 264 points to 82,266, and the Nifty also traded in a weak market. However, defense stocks captured investor attention, showing a significant surge. This contrasting market environment saw a considerable upswing in the defense sector, reflecting growing investor interest and confidence in this area.
New Delhi: Today's share market witnessed significant selling pressure; however, investors maintained b interest in the defense sector. Several stocks in this sector registered increases exceeding 6%. Let's examine the key defense stocks that showed impressive gains during today's trading session and attracted investor attention.
Strong Surge in Bharat Dynamics Shares
Bharat Dynamics shares exhibited a b surge this morning. At 10:07 AM on the BSE Sensex, the company's shares recorded an increase of over 6%, reaching ₹1913, a jump of ₹109.30 per share. On the NSE, shares were trading at ₹1912.90, showing a 5.89% increase at 10:09 AM. This surge has increased investor interest in Bharat Dynamics.
Significant Gains in BEML Ltd. Shares
BEML Limited shares performed exceptionally well this morning. At 10:16 AM on the BSE Sensex, BEML shares were trading at ₹3,581 per share, a 5.62% increase. On the National Stock Exchange (NSE), at 10:18 AM, shares showed a 5.75% increase, trading at ₹3,588 per share. This surge has focused investor attention on BEML.
Strong Rise in Mazagon Dock Shipbuilders Shares
Mazagon Dock Shipbuilders shares performed bly this morning. At 10:20 AM on the BSE Sensex, its shares were trading at ₹3,379 per share, a 6.20% increase representing a gain of ₹204. Similarly, on the NSE Nifty, at 10:22 AM, its shares showed a 6.33% surge, reaching ₹3,384 per share. This significant rise has firmly focused investor attention on Mazagon Dock Shipbuilders.
Zen Technologies
At 10:12 AM, Zen Technologies shares showed a remarkable surge. On the BSE Sensex, one share reached ₹1,794.75, registering a gain of ₹85.45. This increase has drawn significant investor attention to the company.
