Defence stocks decline amid US-Iran war escalation
after close1 source ↓written by the desknot a recommendation
- to ₹4
- 0.58%
- Bharat Dynamics dropped
- 0.78%
- 0.55%
Defence stocks, including Hindustan Aeronautics (HAL), Bharat Electronics Limited (BEL), and Bharat Dynamics, faced declines on Monday following heightened tensions in the US-Iran war. HAL shares fell 0.58% to ₹4,474, while BEL and Bharat Dynamics dropped 0.78% and 0.55%, respectively. This escalation raises concerns over potential disruptions to energy shipments through the Strait of Hormuz, impacting market sentiment.
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