It is difficult to put incremental money in these pockets and so ABB is 50 times EV by EBITDA, 80-90 times earnings and probably the next four-five-year order book is probably in the price.
HDFC Defence Fund top performance chart in March with 22% return
HDFC Defence Fund topped equity mutual fund returns in March with 22%. PSU-themed funds followed, with Invesco India PSU Equity Fund and Aditya Birla SL