Defence stocks on the NSE have witnessed significant upward movement in November 2025, fuelled by heightened geopolitical tensions and government initiatives focused on defence sector reforms.
The rally comes as broader markets struggled, highlighting investor confidence in the defence manufacturing ecosystem amid security concerns.
On November 11, 2025, defence shares rallied sharply following a high intensity explosion near Delhi's Red Fort metro station that claimed 9 lives. MTAR Technologies led the surge with a 6% gain, whilst Data Patterns rose 5% and Dynamatic Technologies climbed 4.6%.
Garden Reach Shipbuilders & Engineers and Solar Industries also posted gains of 2.8% and 4.5% respectively. The Nifty India Defence index traded 1.4% higher at 8,190, even as Sensex and Nifty declined nearly 0.5% each.
Just 2 days prior on November 9, 2025, the sector had already rallied up to 8% in intra day trading. Dynamatic Technologies jumped 8% to ₹9,208.50, whilst Garden Reach Shipbuilders & Engineers and Bharat Dynamics surged 5% each.
Hindustan Aeronautics soared 4% to ₹4,792, with the Nifty India Defence index outperforming the Nifty 50 by rising 1.5% compared to the benchmark's 0.45% gain.
Read More: Best Defence Stocks in India for Nov 2025: HAL, BDL and More on ROE Basis!
The Ministry of Defence conducted its annual performance review of 16 Defence Public Sector Undertakings on November 9, 2025, as part of the Year of Reforms initiative. The review focused on accelerating research and development, exports, and indigenisation across India's defence manufacturing ecosystem.
Defence PSUs recorded strong performance in FY 2024-25, with turnover increasing 15.4% to ₹1.08 trillion and profit after tax rising 19.5% to ₹2,00,210 million. Exports surged 51% year on year, demonstrating India's growing capabilities in defence production.
Based on closing data from November 10, 2025, Swan Defence and Heavy Industries was up 5.0% at ₹939.80, whilst Bharat Dynamics gained 4.61% to ₹1,514.40. Several major defence companies, including HAL, Cochin Shipyard, Data Patterns, and Bharat Dynamics, have quarterly results scheduled for November 12-13, 2025. These announcements are expected to provide further insights into the sector's operational performance and future outlook.
The defence sector's strong performance in November 2025 reflects investor confidence driven by government reforms, rising geopolitical tensions, and robust export growth. With the Nifty India Defence index outperforming broader markets and key quarterly results on the horizon, the sector continues to attract significant attention from market participants.
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 securities are subject to market risks. Read all related documents carefully before investing.
Published on: Nov 11, 2025, 2:18 PM IST
Team Angel One
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