Defence shares steal show on bourses

MUMBAI: After recording double-digit gains last week, defence stocks rallied up to 19% on Tuesday morning with Paras Defence and GRSE topping the list.

The shares of Paras Defence zoomed 19% to hit a fresh 52-week high of Rs1,373.80 on BSE amid a block deal of 3.29 lakh shares, while PSU defence stock GRSE was also trading around 12% higher. Mazagon Dock, Cochin Shipyard, and Astra Microwave were also trading around 5-8% higher.

Shares of Tejas-maker Hindustan Aeronautics surge 5.5 per cent to its all time high.