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Defence Stocks in Correction Phase as Nifty India Defence Index Lags Broader Markets
Defence stocks have corrected sharply over recent months, with the Nifty India Defence index lagging the broader market, as investors watch valuations and growth prospects.
After a strong run in prior years, India’s defence themed shares have lost steam, with the down around 15% over the past six months, significantly underperforming the broader Nifty50 benchmark. Key sector names such as MTAR Technologies, Paras Defence, and Taneja Aerospace remain well below their 52 week highs, reflecting cooling sentiment.