So, I would still be somewhat careful on the railway PSUs because there, there should be some stalling of capex. But on defence PSUs, some of the financials, etc, or even some of the shipyards which got sold off more than 50%, we could see bounce back coming there.
All of them should bounce back in 2025. Right now, there is no visibility in terms of growth revival, although the companies have been saying
Swaminathan Aiyar, Consulting Editor of ET Now, analyzes the recent election results in Maharashtra and Jharkhand, highlighting the BJP’s surprising victories despite a previous setback
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