This Tata group stock jumps 15% to a 13-week high, up 58% in 3 sessions. What’s driving the rally amid market crash?

Tejas Networks, a Tata Group-backed company, saw its shares jump 15.4% in Monday’s trading session, March 2, reaching the 13-week high of ₹502.95 apiece, even as the Indian stock market faced deep losses amid ongoing tensions in the Middle East. The US and Israel attacked Iran over the weekend, reportedly killing Iran’s Supreme Leader and…

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HAL, BEL to Tejas Networks: Defense stocks, drone shares rally as US, Israel attack Iran

Shares of Tejas Networks, Paras Defense and Spaces, ideaForge Technology, Bharat Electronics (BEL), Hindustan Aeronautics (HAL) surged upto 15% on Monday, March 2 following heightened geopolitical tensions in West Asia, resulting in a full-scale war in the area. According to experts, defense stocks typically respond favorably to such conflicts, as they lead to an increased…

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