Despite broader market gains, defence stocks fell sharply on Thursday, with Paras Defence and Apollo Micro among the top losers. The Nifty India Defence Index dropped 1.3%, attributed to profit booking after a sustained rally, while long-term prospects for the sector remain positive.
Despite broader market gains, defence stocks fell sharply on Thursday, with Paras Defence and Apollo Micro among the top losers. The Nifty India Defence Index dropped 1.3%, attributed to profit booking after a sustained rally, while long-term prospects for the sector remain positive.
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