The defence equipment stocks have been witnessing a lot of strength lately. Many of the stocks from the space that staged a breakout are presently consolidating which makes them an attractive buy. Investing near the breakout levels has the potential of decent upside.
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.
As all major companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of several stocks.
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