Operation Sindoor: Drone Stocks Surge Up to 19% on May 9: ZEN, Droneacharya & More — Here’s Why

On Friday, Indian defence and drone-related stocks witnessed significant upward momentum, with shares soaring up to 19% intraday. This sharp movement came in the wake of a series of military developments along the western border. While broader markets opened on a weaker note due to overnight tensions, select stocks in the unmanned and tactical defence segment emerged as standout performers.

What Triggered the Rally?

The stock market reaction followed India's reported precision drone-led operations towards the escalations. These developments, occurring amid heightened border tensions, sparked interest in domestic companies involved in unmanned aerial systems and defence technologies.

Leading Gainers in the Drone and Defence Space

Among the notable gainers as of 2:13 PM:

• Ideaforge Technology: The stock rallied as much as 19% on the NSE, making it the top gainer in the segment.
   

• Droneacharya Aerial Innovations and ZEN Technologies: Hit its upper circuit limit of 4.99% on the BSE.

   

• Paras Defence and Space Technologies: Rose by more than 5% during the session.

These companies have long-standing ties to India's defence modernisation programmes and are key players in developing technologies aligned with unmanned aerial and surveillance systems.

Background: Mounting Cross-Border Tensions

Late on May 8, 2025, multiple explosions were reported in Jammu following drone and missile activity near Indian military stations. These events were attributed and marked the second consecutive night of heightened cross-border tension.

Conclusion 

The current developments are likely to influence market sentiment in the short term, especially in sectors aligned with national security and technological advancements. However, the evolving geopolitical landscape will continue to play a pivotal role in driving investor behaviour in the days to come.

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