HAL, Apollo Micro, Cochin Shipyard lead as defence stocks rally
India's defence index outperformed on Monday with HAL, Apollo Micro, Cochin Shipyard and MTAR among key gainers. HAL secured its 3rd GE-404 engine for Tejas Mk1A, Apollo Micro inked a rocket propulsion MoU, and MTAR won ₹386 cr fuel-cell orders. Analysts flagged fresh breakouts in defence names like BEL, BEML and Mazagon Dock.