Defence Stocks Fly High: Paras Defence and ideaForge Share Price Jump up to 13% Amid West Asia Tensions

Written by: Team Angel OneUpdated on: 2 Mar 2026, 4:40 pm IST

Paras Defence and ideaForge jump up to 13% as Iran‑Israel conflict lifts defence stocks; Nifty India Defence Index up 5% in first two months.

Paras Defence and ideaForge Technology have recorded gains of up to 13% following the escalation of hostilities in West Asia, a movement mirrored across several defence‑related equities.

Paras Defence and ideaForge Rally on Geopolitical Tension

Both Paras Defence and ideaForge traded with increases of 13% after Hezbollah launched rockets and drones into Israel in retaliation for the killing of Iran’s Supreme Leader Khamenei.

The Israeli army responded with strikes on senior Hezbollah militants in the Beirut area and southern Lebanon. The heightened demand for defence equipment and related components has driven the upward price movement.

Broader Performance of Defence Stocks

The Nifty India Defence Index has risen 5% in the first two months of the year. MTAR Technologies leads the sector with a 57% rise, trading close to its 52-week high of ₹3,907.

Bharat Forge shares are up 30%, while Data Patterns and Bharat Electronics Limited have gained 30% and 11% respectively, with BEL nearing its record level of ₹461. Bharat Dynamics remains a laggard, down nearly 40% from its 52-week high.

Conclusion

Paras Defence and ideaForge have each risen 13% amid the Iran‑Israel war, while the broader defence index is up 5% and several peers show strong gains. Bharat Dynamics continues to underperform, remaining well below its recent peak.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Mar 2, 2026, 11:10 AM IST

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