The Defense index saw a significant 7% rise today, primarily driven by GRSE's impressive 19% surge, Cochin Shipyard's 15% gain, and Mazagon Dock's 13.5% boost. Notably, Bharat Electronics (BEL) secured new contracts worth ₹6,795 crore. Additionally, GRSE's revenue for the fiscal year 2026 increased by 26% year-over-year, and Midhani reported a 12.3% year-over-year growth. Analysts express optimism towards BEL, Midhani, and Solar Industries due to their demonstrated strong execution.

MIDHANI achieved an all-time high sales figure of ₹1,206 crores in the fiscal year 2025-2026, marking a 12% year-on-year increase. This growth was primarily fueled by increased exports in the areas of superalloys and titanium for applications in aviation, navy, and space industries.