[GEOPOLITICAL EVENTS]

Cross-border / defence tension — defence PSU rally

BEL, HAL, Mazagon Dock, Cochin Shipyard, BDL, BEML — defence PSU pack on India-Pakistan / India-China tension

▲ Stocks that benefit8 cos

Historical examples

2025-05-07India airstrikes Pakistan in Op Sindoor after Pahalgam attack — defence PSU rally
Defence PSU pack rallied 10-20% in the week following Op Sindoor.

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