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New Delhi: The shares of Indian defence companies are in focus on December 4, 2025, Thursday as Russian President Vladimir Putin visits India today to attend the 23rd India-Russia Annual Summit.
Putin is being accompanied by his defence minister, Andrei Belousov, and several delegates from business and industry.
President Putin’s two-day visit to India is aimed at pitching for more sales of Russian oil, missile systems and fighter jets.
The Indian Air Force’s major arsenal is the Russian Sukhoi-30 jets, which make up the majority of India's 29 fighter squadrons. Notably, Moscow has offered the fifth generation fighter aircraft Su-57, which is likely to figure in this week's talks, Reuters quoted two Indian officials saying.
However, officials said that India has not yet made a decision on buying the SU-57 jet.
Unimech Aerospace and Manufacturing shares were trading with nearly two per cent gains at Rs 990.15 apiece. Mishra Dhatu Nigam (Midhani) shares jumped 1.44 per cent more than 1 percent. Data Patterns stock traded at Rs 2,909.20 apiece, Paras Defence share at Rs 701.95, Bharat Dynamics (BDL) shares traded with over 2 per cent gains at Rs 1,514.40, Bharat Electronics (BEL) 406.90, Hindustan Aeronautics (HAL) stock at Rs 4,487.60 and Cochin Shipyard shares traded at Rs 1,634.60 apiece at the time of writing this article.
"Putin's visit offers an opportunity for Delhi to reassert the strength of its special relationship with Moscow, despite recent developments, and make headway in new arms deals," Reuters quoted Michael Kugelman of the Atlantic Council think tank in Washington.
The news agency reported that ahead of Putin's visit, officials of both sides held talks in areas from defence to shipping and agriculture. In August, both the countries agreed to launch talks for a free trade deal between India and the Russian-led Eurasian Economic Union.
Reuters reported that Putin is being accompanied by the chief executives of dominant Russian lender Sberbank and state arms exporter Rosoboronexport, as well as the heads of oil firms Rosneft and GazpromNeft. Notably, the US has imposed sanctions on the two oil Russian companies.
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