Defence stocks rally: Still worth buying?
Synopsis Order books, exports and government spending driving the sector, but valuations are no longer cheap. Nuvama argues that the industry is now moving into
Synopsis Order books, exports and government spending driving the sector, but valuations are no longer cheap. Nuvama argues that the industry is now moving into its next phase of development. The initial focus was on building domestic manufacturing capabilities and reducing import dependence. The next phase is expected to be characterised by large-scale deployment of advanced indigenous systems across the armed forces.
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