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Pahalgam anniversary: How the 2025 terror attack triggered Rs 3 lakh crore defence boom and 3 multibagger

Posted on April 22, 2026
By Business News Today
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1 min read

Pahalgam anniversary: How the 2025 terror attack triggered Rs 3 lakh crore defence boom and 3 multibagger

One year after the Pahalgam terror attack, Indias defence sector has entered a major upcycle, adding Rs 2.9 lakh crore in market cap as the Nifty India Defence Index gained 37%. Stocks like MTAR Technologies, Apollo Micro Systems, and Data Patterns turned multibaggers, supported by record FY26 procurement approvals worth Rs 9.3 lakh crore.