GRSE, Apollo Micro, other defence stocks rally up to 8% as analysts tout structural growth play. Here's why

Defence company stocks experienced a surge. This was fueled by government spending and indigenisation efforts. Apollo Micro Systems and GRSE saw significant gains. Technology transfer deals and new orders boosted MTAR Technologies. HAL received engines for the Tejas Mk1A program. Experts highlight the sector's structural growth potential. They cite strong order books and profitability as key factors.