Independent market expert Sandip Sabharwal said the policy is more to do with public infrastructure, how the speed of movement improves and how the bureaucracy is reduced. “It will take a long time. So, I think it is more of a directional thing. It takes a 5 to 10-year kind of view and to that extent, short-term moves (in the stocks) might not sustain beyond a few days,” he said.
Don’t chase defence stocks on sentiment; focus on fundamentals and export potential: Ashish Gupta
There are the few companies that will probably benefit from higher defence spending in India and globally and there we see larger upside, but I
May 7, 2025