Defence Stocks Today: BEL, Cochin Shipyard, Paras Defence Shares Fall on PM Modi's BrahMos Deal With Indonesia

Defence stocks were remained in focus after Prime Minister Narendra Modi and Indonesian President Prabowo Subianto agreed to deepen defence cooperation, with the proposed supply of BrahMos supersonic cruise missiles and Astra air-to-air missiles emerging as one of the key outcomes of their bilateral talks in Jakarta.

PM Modi-Prabowo Talks on BrahMos, Astra Missiles Put Defence Shares in Focus

During their meeting on Tuesday, the two leaders discussed expanding defence ties, including the supply of BrahMos and Astra missiles to Indonesia as part of efforts to strengthen maritime security in the Indo-Pacific region. Alongside defence cooperation, both countries signed nearly a dozen agreements covering critical minerals, technology, food security, pharmaceuticals and maritime collaboration.

Defence Stocks Today: Nifty India Defence Index Falls 135 Points

Defence stocks witnessed broad-based selling pressure on Monday afternoon, with the Nifty India Defence Index trading lower despite gains in a handful of constituents. At 2:54 PM, the sectoral index was down 135.35 points, or 1.40%, at 9,505.95, compared with the previous close of 9,641.30. During the session, the index opened at 9,625.40, touched an intraday high of 9,646.05, and slipped to a low of 9,427.95.

Market breadth within the index remained weak, with 2 stocks advancing, 17 declining, and none remaining unchanged, reflecting continued profit booking across defence counters.

Apollo Micro Systems Share Price Today

Apollo Micro Systems shares were among the worst performers in the index. The stock declined 5.44%, or Rs 23.05, to trade at Rs 400.80 at 2:54 PM. It opened at Rs 427.00, touched an intraday high of Rs 430.40, and fell to a low of Rs 397.10, compared with the previous close of Rs 423.85.

Cochin Shipyard Share Price Today

Cochin Shipyard also traded under pressure during the session. The stock fell 3.03%, or Rs 45.60, to Rs 1,460.80. It opened at Rs 1,451.20, hit a high of Rs 1,467.90, and a low of Rs 1,437.50 against the previous close of Rs 1,506.40.

AEQUS Share Price Today

AEQUS emerged as one of the few gainers in the defence index. The stock advanced 4.10%, or Rs 9.50, to Rs 241.39. It opened at Rs 238.00, climbed to an intraday high of Rs 246.66, and touched a low of Rs 232.24. The previous closing price stood at Rs 231.89.

Solar Industries Share Price Today

Solar Industries traded lower despite remaining above the Rs 18,000 mark. The stock declined 1.43%, or Rs 265.00, to Rs 18,274.00. It opened at Rs 18,351.00, touched a high of Rs 18,556.00, and fell to a low of Rs 17,624.00, compared with the previous close of Rs 18,539.00.

Data Patterns Share Price Today

Data Patterns (India) shares were under selling pressure, falling 4.34%, or Rs 200.50, to Rs 4,415.00. The stock opened at Rs 4,620.00, hit an intraday high of Rs 4,640.20, and slipped to Rs 4,380.00 during the day. Its previous close was Rs 4,615.50.

Paras Defence Share Price Today

Paras Defence and Space Technologies shares declined 4.20%, or Rs 57.10, to Rs 1,301.30. The stock opened at Rs 1,360.00, reached a high of Rs 1,370.60, and dropped to an intraday low of Rs 1,291.00. It had closed at Rs 1,358.40 in the previous session.

BEL Share Price Today

Bharat Electronics Ltd (BEL) traded marginally lower during the session. The stock slipped 1.05%, or Rs 4.45, to Rs 421.10. It opened at Rs 425.55, touched a high of Rs 425.90, and fell to Rs 418.75. The previous closing price was Rs 425.55.

Mazagon Dock Share Price Today

Mazagon Dock Shipbuilders also remained in negative territory. The stock declined 1.07%, or Rs 27.60, to Rs 2,546.30. It opened at Rs 2,564.80, rose to an intraday high of Rs 2,568.30, and touched a low of Rs 2,513.20, against the previous close of Rs 2,573.90.