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Orgo-Life the new way to the future Advertising by AdpathwayThe BS Defence index demonstrated a strong upmove in the past month, rising over 5 per cent even as benchmark indices remained listless amid West Asia tensions. Technically, the index held above the long-term moving average of 200-DMA, indicating sector resilience and investor buying interest in the defence counters.
BS Defence Index
The index showed a positive trend, advancing from 9,393.7 to 9,914.5 in the past month. The index maintained a strong bullish trend as it remained firmly above both its 50-DMA and 200-DMA as of August 21
Index returns
The index outperformed the markets over the past three and six months, gaining 6.95 per cent and 15.79 per cent, respectively
Defence shines
The index significantly outperformed the benchmark indices, rising 5.5 per cent in a month. In comparison, both the BSE Sensex and Nifty 50 remained largely flat
Defence shines
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BS Defence Index companies
The index saw a bullish trend, with 22 of its 25 companies advancing and only three declining. Paras Defence was the top performer, with 69 per cent returns in just one month
BS Defence Index companies
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