Pakistan fires anti-ship missile from China-built Hangor submarine in Arabian Sea. What it means for India
A defence development with market-wide reach.
28 Sept 2026 · Business Today Mkts
The test is significant because it is the first publicly announced live missile firing by the new submarine since it entered Pakistan Navy service earlier this year. Pakistan has not publicly identified the missile used, its range, launch conditions or the precise nature of the target.
The analysis
Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Related coverage
Air Power And International Camaraderie In Action: Indian Air Force Shares Tarang Shakti Exercise Video
Hindustan Aeronautics share price rises 3% on heavy volume; here's why
Air Marshal Ashutosh Dixit Appointed As New Chief Of Indian Air Force
Defence Boost: MoD Signs Contract With BrahMos Aerospace For Fire Control System And Launchers For Indian Navy
Last line of defence! How 7 Nifty stocks survived the market’s two-month bloodbath