Written by Following Operation Sindoor and increased India-Pakistan tensions, defence and drone stocks in India surged on 9 May 2025, with expectations of increased demand for unmanned and precision-warfare technologies. The surge was most evident among companies involved in drone manufacturing, anti-drone solutions, and defence electronics.
Key Drone Stocks to Focus on
Ideaforge Technology: India’s largest drone manufacturer, specializing in UAVs for military surveillance and reconnaissance. The stock climbed to as high as 17%, reaffirming strong investor confidence.
Droneacharya Aerial Innovations: Focused on training drone pilots and providing aerial services, it hit its upper circuit with a 5% gain, signifying the increasing demand for operational drone skills.
ZEN Technologies: Deals mainly in anti-drone systems and defence simulators, with its stock climbing 5%, reinforcing the necessity for counter-drone operations in modern warfare scenarios.
Paras Defence and Space Technologies: In the provision of drone payload and electronic warfare, Paras Defence nearly hit 4%, gaining considerably from in-house defence spending and indigenization efforts.
All the biggies in defence like Bharat Dynamics, BEL, and HAL registered rallies too, while companies with a direct exposition to drone technology and solutions had the steepest climbs.
To catch the momentum of the defence industry post-Operation Sindoor, an investor should certainly look into Ideaforge, Droneacharya, ZEN Technologies, and Paras.
They are the ones to watch. They’re right at the heart of India’s push for homegrown, next-gen defence solutions-and recent events have only highlighted how important that’s going to be.