The continued war between Iran-Israel has stopped for 12 days and the ceasefire has been agreed in both countries. On the one hand, on the one hand, the stock market showed a storm in the stock market, while on the other hand, the shares of defense companies, who have been making vigorous for the last few days, suddenly broke up. Yes, shares ranging from Paras Defense to GRSE crashed as soon as the market opened in the market on Tuesday and made the investors strongly damaged.
Ceasefire announcement stops market
First of all, it is said about the stock market, in which the major decline on the last trading day on Monday was seen to stop on Tuesday and the Sensex-Nifty was seen running at the speed of the rocket. On Monday, 511 points closed and the BSE Sensex jumped up to 900 points in early trade, while on the other hand the National Stock Exchange Nifty also closed 140 points on the last trading day and today it appeared trading with a jump of more than 270 points. Talking about the reason behind this fast, the largest US President Donald Trump is the announcement of the Iran-Israel ceasefire.
Shares of these defense companies
While the rust between Iran-Israel has seen a positive impact on the market and all the stocks, the opposite defense stocks have been exposed as soon as it opened, which had been seen doing business with a steady fast for the past few days, even if the stock market has not been declining. Talking about the most broken defense stocks on Tuesday, many veteran names are included in this list.
Paras defense share: This company in the defense sector broke over 5 per cent with the shares opened on Tuesday and fell to Rs 1652.50. The fall in the stock also saw the impact of the company’s market capitalization and it was reduced to Rs 6690 crore. Earlier, these shares have risen 64.83% in the last six months.
Grase share: The next defense share in the list is Garden Reach Shipbuilders Limited’s stock (Garden Reach Shipbuilders Share) and this stock also suddenly crashed after the news of the war in Iran-Israel on Tuesday and showed trading at Rs 3270 with a decline of about 6 percent. It was opened at Rs 3515. The company’s market cap also reduced to Rs 37660 crore due to breaking the stock. This stock has doubled the money of investors in the last six months and has given a multibagger return of 112 percent.
Zen tech share: The next share is the share of the drone maker company Jane Technology working for the defense sector, in which the Danadan was the upper circuit till the last business day. But on Tuesday, the adverse effect of Iran-Israel Ceasefire was also seen on it and it suddenly broke to Rs 1916 after it opened at Rs 2057.60. Its market cap also reduced to Rs 17280 crore. In the last one year, this stock has jumped 63 percent.
Mazagon dock share: The share of the defense company Majgaon Dock is also seen trading on the red mark on Tuesday. After opening at Rs 3359, this Defense Share was also seen trading around Rs 3260 with a decline of about 3 percent. Amid this decline, the company’s market value has also been broken to Rs 1.32 lakh crore. In the last six months, this defense stock has also jumped 42 percent.
Ideaforge tech share: Another name in this list is that of Ideaoforge Company, whose stock fell to Rs 654.50 on Tuesday and then broke down to Rs 602.65, taking a sudden sharp fall. The market cap of the defense sector tech company also reduced to Rs 2650 crore amid the decline in the share. This Defense Stock was also seen in the market for some time and it was 21 percent in the last 1 month.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)