New Delhi, May 30 -- Defence stocks such as Garden Reach Shipbuilders, Paras Defence, Apollo Micro Systems, Cochin Shipyard, and Solar Industries ended May with solid gains, driven by strong demand from Dalal Street investors, positioning the defence sector as the month's top performer.

The Nifty India Defence index concluded the month with a rally of 22%, recovering 70% from February lows, making the sector the biggest turnaround champion in 2025. After remaining under pressure for five consecutive months due to valuation concerns, the sector began recovering in March and extended its gains into April.

However, a fresh wave of optimism was triggered by the launch of 'Operation Sindoor,' during which India showcased the strength of its ...