Germany’s big military plans fire up Indian defence stocks
Mumbai: Shares of beaten-down defence and shipbuilding stocks soared as much as 20% on Wednesday after the German Parliament voted in favour of unprecedented defence expenditure. Garden Reach Shipbuilders and Engineers jumped 20% while Ideaforge Technology and Mazagaon Dock Shipbuilders surged over 10%. Cochin Shipyard rose 8.9% and Mishra Dhatu Nigam and Bharat Dynamics gained…