Prefer Bharat Electronics among defence companies; buy on dips: Avinnash Gorakssakar

In a chat with ET Now, Avinnash Gorakssakar, Head of Research, Miintdirect.com, shares his views on defence companies.

ET Now: Do you like any of the pure play defence companies?

Avinnash Gorakssakar: The best one looks to be Bharat Electronics because the kind of domain knowledge, the kind of order book and the kind of monopoly this company enjoys in the defence space, clearly though the stock has run up significantly and valuations are definitely not cheap, my sense is there are very few companies like Bharat Electronics available and from an FII point of view any global investor would like to invest in one of the best companies where technology as well as the traction from the defence business is going to grow exponentially. So Bharat Electronics definitely at any decline possibly investors should definitely look at it as a nice core portfolio pick.