Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?
- Posted on July 7, 2026
- By Business News Today
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- 1 min read
Paras Defence, ideaForge, other defence stocks slide up to 5%. What’s triggering the selloff?
Defence stocks declined up to 5% as investors booked profits after a sharp rally triggered by the Defence Acquisition Councils approval of Rs 52,000 crore worth of acquisition proposals. Despite the correction, brokerages remained positive on the sector, citing strong order inflows and execution opportunities for companies such as HAL and Bharat Electronics.
