Prefer BEML, L&T among defence stocks: Ambareesh Baliga
With the private sector play into the defence, it is a huge opportunity for most of these companies, but the big boys are the ones which I still prefer.
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In a chat with ET Now, market expert Ambareesh Baliga, shares his views on defence stocks. Excerpts:
ET Now: What about a defence opportunity for the Bharat Forge or some of the smaller names as well? Is there anything in the pure play defence companies that stands out for you?
Ambareesh Baliga: There is a huge opportunity as far as defence orders are concerned. From 1947 onwards, the defence outlay has never come down in any year. Now, with the private sector play into the defence, it is a huge opportunity for most of these companies, but the big boys are the ones which I still prefer. Stocks like BEML and L&T also has a huge play in defence, but if you are talking of the smaller ones, possibly Astra Micro.
ET Now: What about a defence opportunity for the Bharat Forge or some of the smaller names as well? Is there anything in the pure play defence companies that stands out for you?
Ambareesh Baliga: There is a huge opportunity as far as defence orders are concerned. From 1947 onwards, the defence outlay has never come down in any year. Now, with the private sector play into the defence, it is a huge opportunity for most of these companies, but the big boys are the ones which I still prefer. Stocks like BEML and L&T also has a huge play in defence, but if you are talking of the smaller ones, possibly Astra Micro.
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