As of 10:50 AM on Monday, MTAR Technologies shares rose 4.21% to hit a day’s high of Rs 2,523 on the BSE. Paras Defence shares advanced 2.80% to touch Rs 713, while Hindustan Aeronautics Ltd (HAL) shares climbed 2.42% to Rs 4,544.9.
Further, the shares of Solar Industries surged 3.90% to a high of Rs 12,840, while those of Bharat Electronics Ltd (BEL) gained 3.19% to Rs 418.6, and Bharat Dynamics (BDL) rose 3.27% to Rs 1,553.
Data Patterns shares were up 3% to Rs 2,726. Defence index heavyweight Mazagon Dock shares also jumped to Rs 2,544, up 1.39%.
The buying interest in defence stocks was sparked by the United States’ execution of “Operation Absolute Resolve,” a strategic offensive involving targeted airstrikes across Venezuela.
The US military captured Venezuelan President Nicolás Maduro and the First Lady during the operation. The move followed months of economic sanctions and diplomatic isolation.
In a statement following the operation, US President Donald Trump said, “We are going to run the country,” referring to Venezuela, and emphasised a transition under US oversight.Trump added that the US would sell significant quantities of Venezuelan oil to other nations, citing past grievances of resource misappropriation. The statements suggested a long-term involvement in Venezuelan affairs, intensifying the perception of a protracted geopolitical crisis.
Also read: Hindustan Copper vs Hindustan Zinc: Which stock should you add in 2026?
Market participants seem to have responded to the developments with increased exposure to defence-linked equities, reflecting expectations of elevated global defence spending amid sustained uncertainty.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
