Since Operation Sindoor: GRSE, Ideaforge and Other Defence Stocks Have Gained Up to 72%

Following Operation Sindoor, launched on May 7, 2025, after the Pahalgam terror attack, the Indian defence sector has seen a significant surge. 

Key stocks in this space have registered robust gains as the operation not only demonstrated India's strategic strength but also highlighted its indigenous technological advancements in modern warfare. Here’s a breakdown of the 5 five performing defence stocks since the operation began.

Operation Sindoor and Its Strategic Significance

Operation Sindoor was a swift and decisive military initiative undertaken by Indian defence forces following the Pahalgam terror incident. The operation highlighted India's growing capability to conduct technologically advanced military missions. Equipped with drone surveillance, layered air defence and electronic warfare systems, India displayed strong defence preparedness. This development captured the attention of the stock market and drew focus to companies aligned with the defence ecosystem.

India’s Rise as a Defence Export Powerhouse

Over the past few years, India has positioned itself as an emerging global hub for defence exports. Operation Sindoor further amplified this narrative. From naval engineering to aerospace and combat technology, Indian companies have contributed to enhancing the country’s self-reliance in defence production. This momentum has reflected directly in the share prices of listed defence sector firms.

Top 5 Performing Defence Stocks Since Operation Sindoor: GRSE, Ideaforge Technologies

As of 2:25 PM on June 11, 2025, here are the 5 defence stocks that have seen the highest percentage gains since the launch of Operation Sindoor:

GRSE share price has emerged as the biggest gainer with an impressive rise of 72.5%, followed by Ideaforge share price, which gained 60.75%. Cochin Shipyard also saw a significant appreciation of 50.93%. These 3 defence stocks have recorded gains of over 50% in just over a month. MIDHANI and Zen Technologies (ZENTEC) have also seen substantial upward movement, appreciating 40.99% and 39.88% respectively.

Read More: Best Defence Stocks In India In June 2025: HAL, BDL, Nibe, Sika, and More Based on 5-Yr CAGR! 

Reasons Behind the Rally in Defence Stocks 

A key reason for the surge in defence stocks lies in the confidence shown by investors in India’s technological progress. With a focus on indigenisation, the government's push for Atmanirbhar Bharat in defence manufacturing is yielding visible results. Companies specialising in drones, naval platforms, and electronic warfare systems are increasingly viewed as vital components of national security and future growth.

Conclusion 

The rally in defence stocks post Operation Sindoor signals a growing recognition of the strategic importance of the sector in India's economic and geopolitical landscape. This development also underlines how specific macro events can catalyse interest in sectoral equities, especially those aligned with national security, manufacturing, and export potential.

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.

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