Defence stocks, Sept. 12 -- Amid renewed interest, defence stocks have made a strong comeback in recent sessions, with the Nifty Defence index gaining another 4.30% in today's intraday trade to touch an 8-week high of 8,041, taking weekly returns to 8% so far. If the index ends the week around the same level, it will mark the biggest weekly gain for the index in the last four months.

The rally gave much-needed relief to the sector, as it had remained under pressure since the start of June, seeing significant market erosion, making the once-flying defence stocks wait for a longer period for a rebound.

Sentiment improved towards the sector after Ministry of Defence, on September 05, unveiled a comprehensive 15-year defence modernisation p...