Paras Defence, to MTAR Tech, HAL: Defence stocks rally as India's defence production touches all-time high

Defence stocks rallied strongly after the government announced India's defence production hit a record high of around Rs 1.78 lakh crore in FY26, up 15.6% from Rs 1.54 lakh crore in FY25 and a 110% rise since FY21. Private sector production reached a record around Rs 42,000 crore, accounting for 24% of total output, while defence exports climbed to Rs 38,424 crore. Paras Defence surged over 18%, with Data Patterns, BDL, GRSE, HAL, and Cochin Shipyard gaining between 5% and 7%.