'War-proof' stocks: Not defence but these shares led rally despite US-Iran war
Defence and upstream oil companies were expected to be the biggest beneficiaries of the West Asia crisis. Instead, renewable energy, electric vehicle and metals stocks emerged as “war-proof” plays during the US-Iran war, leading gainers across broader indices.
Even as the US-Iran situation moved into a two-week ceasefire phase, the market remained uneasy about whether a prolonged peace deal would be reached.