Shares of leading Indian defense companies jumped by $ 5 billion amid heightened tensions between India and Pakistan, Bloomberg reported.
The increase in the market value of the defense companies of the South Asian republic came after tensions flared between New Delhi and Islamabad following the April 22 terrorist attack in Pahalgam (Indian union territory of Jammu and Kashmir).
According to Bloomberg, the market capitalization of the 10 largest arms manufacturers in India, including Hindustan Aeronautics and Solar Industries India, increased by more than 5% during this period.
Source: tass.ru