Indian Defence Stocks Fall Amid Profit Taking

Defense stocks, including those in India, saw a drop due to investors taking profits after a recent rally.

Some of the major companies like GRSE, BEML, and Midhani had significant losses.

The drop is partly related to global events.

Experts point out that the sector's performance is also influenced by geopolitical instability and the Indian government's push for self-reliance and rising defense spending, but a more cautious approach is advised.

InCred Equities expects an increase in the defense budget.