From defence to aviation to hotels: Top stocks to watch as India launches Operation Sindoor
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Amid escalated border tensions with Pakistan, Indian equity market is seen opening flat-to-lower on Wednesday as traders are expected to remain on edge. Shares of aviation companies IndiGo and SpiceJet along with defence stocks such as HAL , BEL , Mazagon Dock , Data Patterns and Paras Defence will be keenly watched after India early today carried out Operation Sindoor hitting terrorist infrastructure in Pakistan and Pakistan-occupied Kashmir.
IndiGo , SpiceJet : Shares of listed aviation companies Interglobe Aviation Ltd, the parent company of India's largest airline IndiGo, and SpiceJet will be in focus as they have announced widespread flight diversions and cancellations after India struck 9 terror sites in Pakistan.
IndiGo has cancelled flights to and from seven airports, issuing a travel advisory stating that operations to Srinagar, Jammu, Amritsar, Leh, Chandigarh, Dharamshala, and Bikaner are affected.
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SpiceJet also confirmed that several airports across north and west India, including Dharamshala, Leh, Jammu, Srinagar, and Amritsar, have been shut until further notice. Departures, arrivals, and connecting flights are likely to be impacted.
Defence stocks: Shares of defence companies such as Hindustan Aeronautics (HAL), Bharat Electronics, Mazagon Dock Shipbuilders, Data Patterns, Paras Defence will be in focus amid escalated border tensions with Pakistan after India carried out surgical strike in terrorist camps.
Hotel stocks: Shares of ITC Hotels , Lemon Tree Hotels , TAJ GVK, Indian Hotels , Chalet Hotels, Mahindra Holidays, and Apeejay Surrendra Park Hotels will be in focus as hotel cancellations are likely to surge amid India-Pakistan conflict.
Jammu and Kashmir Bank : The bank stock will remain in focus after escalated military conflict between India and Pakistan and surgical strike in Pakistan-occupied Kashmir.
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