Budget 2024: Defence stocks trade mixed after FM announces increase in budget allocation for the sector

Defence stocks: Defence stocks were trading mixed in the afternoon trade after Finance Minister Nirmala Sitharaman enhanced the budget allocation for the defence sector for FY25 to Rs 6.22 lakh crore in FM's Interim Budget 2024 speech, according to Zee Business.  Besides, a new scheme will be launched for strengthening deep-tech technologies for defence purposes and expediting ‘atmanirbharta’. Post-development, here's how defence stocks are reacting.

Bharat Electronics share price

State-owned Bharat Electronics Ltd (BEL) shares ended at Rs 183.5, down Rs 2.4, or 1.29 per cent, on the NSE.

Hindustan Aeronautics share price

Hindustan Aeronautics Ltd (HAL) slid 0.15 per cent, or Rs 4.4, lower at Rs 2,995 on the NSE.

Data Patterns (India) share price

The integrated defence and aerospace electronics solutions provider closed 1.97 per cent, or Rs 37.5, stronger at Rs 1,943 on NSE.

Bharat Dynamics share price

The PSU counter closed 0.47 per cent, or Rs 8.05, lower at Rs 1,699 on the NSE.

Paras Defence And Space share price

The defence counter closed at Rs 798.25, down by Rs 12.3, or 1.52 per cent, on the NSE.

Cochin Shipyard share price 

The shipbuilding and maintenance facility company edged higher to end at Rs 914, up by Rs 1.8, or 0.2 per cent, higher on the NSE.