Indian defence, shipbuilder stocks tumble after Iran-Israel ceasefire

Indian defence and shipbuilder stocks drop after U.S. President Donald Trump announced a ceasefire between Iran and Israel after a 12-day conflict

Shipbuilder Garden Reach GRSE.NS leads losses with 6.7% slump, trailed by 4.3% drop in Paras Defence PRAF.NS

Defence index .NIFTYINDDEFENCE drops 2%, set for its worst day in a month

The index gained 5% since June 13 when the conflict began

Defence equipment makers Zen Tech ZETE.NS and Bharat Dynamics BARA.NS shed 3.6% and 3.4%, respectively; Bharat Electronics BAJE.NS down 0.4%

Warplane maker HAL HIAE.NS and drone maker Ideaforge IDEF.NS lose ~2% each