Antique is positive on stocks such as Hindustan Aeronautics Ltd, Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd (BDL), Mazagon Dock Shipbuilders Ltd and PTC Industries Ltd.
Even as the NSE India Defence index has corrected 21 per cent from its July 2024 peak, Antique Stock Broking on Friday said India defence story has not diminished, rather the outlook has further improved giving significant earnings visibility.
Valuation, given earnings trajectory, are not unreasonable and the recent correction provides meaningful opportunity to accumulate defence stocks, it said while staying positive on stocks such as Hindustan Aeronautics Ltd, Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd (BDL), Mazagon Dock Shipbuilders Ltd and PTC Industries Ltd.