Hindustan Aeronautics is the leading manufacturer of aircraft and helicopters, while Bharat Dynamics is a leading manufacture of ammunition, counter measures dispensing infra and missile systems.
In the early hours of Wednesday, strikes were carried out on nine terror locations across Pakistan and Pakistan-occupied Kashmir. The Indian government sources have mentioned that no IAF plane involved in “Operation Sindoor” was shot down or damaged during the retaliatory strike.
The government sources also said that strikes on all nine targets were successful.
“We have no direct exposure, maybe some indirect exposure. But the reality is that on a global basis, given that the US is becoming a less reliable security umbrella for a lot of parts of the world, whether it’s in Europe or it’s in Japan or it’s in Korea, or it’s in the Indian subcontinent, or elsewhere – the Middle East. I think defence spending is on a structural rise as the world becomes a more dangerous place. And frankly, the flip side of that is that stock market multiples globally, and don’t necessarily do great if there’s more global risk intentions of war, but certainly defence would be an area that should structurally benefit from this,” Arvind Sanger of Geosphere Capital Management told CNBC-TV18.
