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Despite a huge 63% 3 yr CAGR in stock price appreciation,the defense sector is still a good buy on both counts – growth runway andvaluations.
With a 9-10% annual growth in nominal defense spending inIndia, our focus on import substitution and a large global opportunity openingup for Indian defense equipment manufacturers in a changed geo-political environment,growth runway appears strong – this is a decadal growth story.
Despite huge price appreciation over last 3 years, defensestocks are trading at a PEG of 1 – signifying that prices are not running aheadof growth.
The current universe of 21 stocks is expanding, with manycompanies likely to go for listing and existing large players increasinglyfocusing on the defense theme.
We hope that, to invest in this sector will be a better opportunity, because Indian Defense are regularly developing and upgrading, day by day.
We r at right time & right place.So as discussed in d interview definitely it ll show Nice Growth. as it explained
Great insights on the defence sector. Entire interview was objective & very well answered.
Many of Distribution community especially the MFDs were hesitant due to past experience of much fanfare NFO HDCS Housing Opportunities Fund. Being close ended and terrible performance of the scheme has given both the Investors and Distributors sleepless nights. But being open-ended and one can take a staggered way to accumulate now pricey stocks in Defence sector via MF this proposition might sound interesting to a good number of audiences.
Looks very good for generating wealth in 5-6 yea
Good
