Defence Stocks Rise Amid West Asia Conflict; Gujarat Gas Falls on LNG Supply Issues

Defence sector stocks including BEL, Mazagon Dock, and Cochin Shipyard have seen significant gains amid the escalating conflict in West Asia, which has increased investor interest. Gujarat Gas shares declined over 5% after invoking force majeure due to LNG supply shortages from Qatar, leading to reduced gas supply to industrial customers. Nalco's shares rose 6% benefiting from higher aluminum prices and a smelter shutdown in the region. Coal India also experienced a 4% rally driven by increased coke demand.