Defence outperforms sectoral indices; surges 34.82% in six months,...

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Defence outperforms sectoral indices; surges 34.82% in six months, far ahead of Nifty - is the rally sustainable?

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India's defence sector has surged, outperforming all others with a 34.82% return in six months, driven by government support and strong order visibility. PSUs like HAL and BEL lead the rally, fueled by 'Make in India' initiatives and geopolitical tensions. While defence funds see gains, experts caution against chasing momentum due to potential valuation consolidation.

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