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    Getting ready for another round of re-rating ? 6 defence stocks with “buy” recos with upside potential of up to 34%

    Synopsis

    As other sectors dominated by PSU companies come into limelight, defence stocks which ignited the re-rating of PSU stocks have moved into consolidation mode for some time. The question is whether the business is in consolidation mode or not, the answer is tilting toward no. It appears the underlying developments in the sector continue to be going at the same pace or rather even more. Allowing 100 % FDI in space related industries, is probably an indication that focus on defence and related sectors continues. As things are shaping up, it appears the exports would also become a focus area.

    Till a few years back, taking exposure to defence sectors meant buying some defence PSU. While they have performed extremely well, other private companies which were part of the supply chain to the defence sector took the advantage and have also got listed in the last two years. They have also done well as compared to many other IPO listed around the same time. So, there is a wider basket which is available for investors to choose and pick. When
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    The Economic Times