IGI Logo

Below Quote on Defence Stocks Post PM Narendra Modi's announcement at the DefenceExpo 2022 by Gaurang Shah, Sr. Vice President at Geojit Financial Services

"In the last one year defence sector related stocks have outperformed and they will continue to deliver good returns. Given the fact that now more and more lists are coming under prohibitory list as far as defense procurement is concerned. And companies like BEL, Hindustan Aeronautics, Bharat Dynamics, Mazgaon Docks, Cochin Shipyard are likely to get more orders from the defence ministry. Thereby their earnings will also improve not only domestically but internationally as well. Also domestically, they will satisfy the Indian requirement as far as defence is concerned and globally, some of these companies are likely to export."

Above views are of the author and not of the website kindly read disclaimer