Defence stocks surged up to 50% in a month post 'Operation Sindoor', led by Paras Defence, Data Patterns, and Mazagon Dock.

Experts urge caution, warning against FOMO-driven buying due to rising valuations.

Nifty Defence Index jumped 16%, with strong mutual fund and FII interest seen in stocks like BEML, Solar Industries, and HAL.

Defence firms expected to benefit from larger order books and improved earnings over 1–3 years.