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Why Defence Sector's Growth Run May Have Just Begun
India is the third largest military spender in the world, trailing the U.S. and China, according to Statista.
08 Dec 2022, 07:49 AM IST
The Indian government's emphasis on self-reliance and indigenisation has renewed focus on the defence sector. Even as stocks have rallied, the sector remains an attractive bet for investors, according to analysts."Despite formidable stock returns of 70% on average over a year, we believe there is further steam left in the sector on the back of robust order books and improving earnings quality," ICICI Securities said in a note dated N...
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