Operation Sindoor impact: Defence stocks rally up to 4% as India strikes Pakistan terrorist camps – Times of India-OxBig News Network

Operation Sindoor: Defence stocks rallied on Wednesday, with key companies like Mazagon Dock Shipbuilders recording gains of up to 4%, following the Indian Armed Forces‘ Operation Sindoor on May 7. The military action was directed at terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir (PoK), which have served as bases for planning and orchestrating attacks against India.The defence sector stocks witnessed significant upticks. Hindustan Aeronautics (HAL) increased by 1.8% to Rs 4,589, Cochin Shipyard rose by 2% to Rs 1,511, and Bharat Dynamics recorded a 1.7% increase. Data Patterns saw a 1.3% rise, Mazagon Dock Shipbuilders registered a 3.7% increase to Rs 3,077.80, whilst Paras Defence experienced a 3% growth to Rs 1,393.80.The Ministry of Defence disclosed that India conducted strikes on nine terrorism-related targets in Pakistan and PoK using precision-guided munitions. The targeted locations included Bahawalpur, Muridke, and Sialkot. The operation involved synchronised participation from the Army, Navy, and Air Force, with resources and personnel deployed for the undertaking.Also Check | Operation Sindoor Live UpdatesOfficials confirmed that the targeted locations were centres used for orchestrating and directing terrorist activities against India.The Indian Ministry of Defence announced the execution of ‘OPERATION SINDOOR’, targeting terrorist facilities in Pakistan and Pakistan-occupied Jammu and Kashmir, which were identified as bases for planning attacks against India.The Ministry emphasised that their approach was precise, calculated and avoided escalation. They confirmed that Pakistani military installations were not targeted, highlighting India’s discretion in choosing targets and execution methods.This military action was undertaken following a terrorist incident in Pahalgam that resulted in the death of 25 Indian citizens and one Nepali national.The Ministry indicated that comprehensive information about ‘OPERATION SINDOOR’ would be provided later in the day. The Indian Army subsequently shared a message on X stating: “Justice is served. Jai Hind!”