VERIFIEDET Markets·7 Jul 2026negative

Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?

AI Summary

·Defence stocks declined up to 5% due to profit booking.
·The selloff follows the Defence Acquisition Council's approval of Rs 52,000 crore in acquisition proposals.
·Brokerages remain positive on the sector, citing strong order inflows and execution opportunities.