Quote on Defence Stocks post Government Rs 76,390 Crore Approval By Ashwin Patil, LKP Securities
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Below is Quote on the Defence Stocks/Sector post Government Rs 76,390 Crore Approval from Ashwin Patil. Senior Research Analyst (Auto) at LKP Securities
"These companies are the front runners to gain from any positive moves from the GOI as it is their one of the most important sources of business. Such a move from the GOI entails higher revenues and order book for the coming years. It gives higher visibility of numbers going forward and comfort to investors. Given the geopolitical tensions seen on the global front, GOI has increased its defence CAPEX outlay, which augurs well for the defence bellwether. We remain positive on BEL"
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