HAL, Garden Reach, Apollo Micro Systems Share Price Rise Up To 3% As Defence Index Nears 52-Week High

Defence stocks are in focus and rose up to 3% in Tuesday’s trading even as the broader market remained weak. The Nifty India Defence index climbed about 1.3% to an intraday high of 9,093 and moved closer to its 52-week high of 9,159, while the Nifty 50 slipped around 0.7%. 

Other stocks that gained 1–3% included: 

• Data Patterns (India) Ltd
• MTAR Technologies
• Paras Defence and Space Technologies
• BEML Limited  

ideaForge Share Price Surges On Strong Results And Orders 

ideaForge Technology Ltd shares hit a 52-week high and jumped about 9%. The stock has surged nearly 97% in 1 month after reporting strong Q4FY26 results. The company posted revenue of ₹141 crore, profit of ₹60 crore and record annual order bookings of ₹530 crore. It is also developing combat drones and advanced defence systems, pointing to strong future demand. 

HAL Gains On Strong Order Book Visibility 

HAL shares rose around 3% in intraday trade and have gained about 8% in the past 2 sessions. 

The company’s order book stood at ₹2.54 trillion, providing strong revenue visibility. Production of Tejas aircraft is expected to pick up from FY27 as engine deliveries improve.

MTAR Technologies Continues Strong Rally 

MTAR Technologies shares rose about 3% and have surged nearly 160% in 2026 so far, while the Nifty 50 has declined.

Conclusion 

Strong earnings, rising order books and growing demand for defence equipment continue to support the sector. 

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