Defence stocks witnessed a sharp decline on Monday amid broad-based market weakness and heavy profit booking. The Nifty India Defence index dropped 1.45%, reflecting widespread selling pressure across key constituents.
Paras Defence and Space Technologies share price emerged as the top laggard, falling 7.8%. Other major losers included Garden Reach Shipbuilders & Engineers, Astra Microwave Products, Bharat Electronics, Zen Technologies, and Bharat Dynamics, each shedding between 1% and 2%.
