Valuation fears hit defence stocks: Where are they headed?...

Dununu.com Dununu

Sponsor

Valuation fears hit defence stocks: Where are they headed? Here’s what analysts say

RSS Feed Business

Posted

87

Indian defence stocks experienced a downturn on Thursday as investors engaged in profit booking after a robust three-month rally. The Nifty India Defence Index declined by 2%, with Bharat Dynamics leading the losses after a 'neutral' rating from Motilal Oswal. Analysts attribute the correction to stretched valuations and easing geopolitical tensions, despite long-term growth optimism and buy-on-dips recommendations.

Read Full Article

Please log in to like, share and comment!

Newlywed Madhuri took cookbook with her to US for Shriram

Bollywood icon Madhuri Dixit traded her glamorous life for domesticity after marrying Dr. Shriram...

By 0 3

TUTH emergency department adds 15 beds, launches advanced MRI service

KATHMANDU: Tribhuvan University Teaching Hospital (TUTH) has expanded its healthcare facilities...

By 0 5

Bihar elections: INDIA bloc kicks off strategy meet at Tejashwi's house; focus on seat allocation

By 0 10

Former Election Commissioner Ila Sharma passes away

KATHMANDU: Former Election Commissioner and journalist Ila Sharma has passed away following a...

By 0 11

From lamb railway curry to butternut squash soup - What's on the players' menu at Lord's

The ongoing third Test between India and England at Lord's Cricket Ground offers a feast both on...

By 0 19