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Defence Stock Jumps 12% After Order Book Expansion and Profit Surge
A defence stock rallied after posting strong quarterly profit growth and a robust ₹2,395 crore order book, lifting investor confidence.
Shares of a defence company surged twelve percent after reporting a ₹2,395 crore order book and sharp quarterly performance. TradeBrains noted net profit jumped 726 percent quarter on quarter, driven by execution strength and operating leverage. The strong order visibility improved earnings outlook, boosting investor confidence in defence manufacturing amid rising government spending and sustained demand momentum across the sector.