New Delhi, May 3 -- Shares of several defence companies surged up to 20% earlier this week after Pakistan's defence minister hinted at the possibility of war with India, following tensions after the deadly terrorist attack on tourists in Pahalgam.

Paras Defence and PSU shipbuilders GRSE, Cochin Shipyard and Mazagon Dock rose 9-12% on Tuesday. Hindustan Aeronautics, Bharat Electronics and Bharat Dynamics also gained 4%.

These are the usual suspects when it comes to India's defence sector. However, one standout performer that has been flying high due to its growing role in India's military ambitions is Solar Industries India Ltd.

Shares of the company have been on a steep upward trajectory, rising around 16% over the last month on defenc...