HAL

US-Iran war: Apart from the geopolitical tensions, India's defence sector is buzzing with recent deals with Germany, France, EU, and Israel, boosting the country's defence capabilities

HAL CMD DK Sunil said that the Indian Air Force's Tejas light combat jets are set to come back to the skies as early as next week, after being grounded for nearly two months.

According to Motilal Oswal Financial Services, the current conflict in the Middle East is likely to drive higher global defence spending as nations prioritise security and military preparedness.

Indian defence stocks such as Hindustan Aeronautics, Data Patterns (India), Paras Defence and Space Technologies, Premier Explosives and PTI Industries are part of the broader BrahMos supply ecosystem and could benefit if the deal moves forward.

Indian stock market: Driven by geopolitical tensions and strong order books, firms like HAL and BDL have seen returns exceeding 500%, prompting experts to view defence as a potential growth sector akin to IT

A Tejas light combat aircraft of the IAF was damaged after it overshoot the runway. This marks third accident in 2 years. The IAF has grounded its fleet of Tejas jets for technical checks.

Defence stocks jumped up to 9% in intraday deals today amid escalating US-Iran tensions. The Nifty India Defence index, a gauge of defence stocks on Dalal Street, was trading almost 2% higher.

Defence stocks to buy: Analysts recommend HAL and BEL shares as good long-term investments

Unimech Aerospace and Manufacturing emerged as the top loser in the index, plunging nearly 10%. Mishra Dhatu Nigam, Zen Technologies, Astra Microwave Products, Garden Reach Shipbuilders & Engineers, and Dynamatic Technologies, were other laggards, falling in the range of 2–4%.