India’s defence sector is witnessing a strong pickup in momentum after a relatively quiet period. As Q4 unfolds, both domestic and international developments are driving renewed interest in the space. According to Amit Dixit, Senior Analyst, ICICI Securities, Q4 is really brimming with activity, both international as well as on the domestic front.In an interaction with ETNow, Dixit highlighted several major developments: the clearance of the 7,000-crore ATAGS Howitzer order, the Pinaka system in February, and broader reforms in the capital acquisition process. These reforms, he emphasized, are key to accelerating the order finalisation process.
10 Nifty largecaps with up to 38 buy calls; analysts see up to 20% upside
Brokerages remain bullish on select Nifty large-cap stocks across sectors, with several companies receiving over 30 ‘buy’ calls from analysts, according to Trendlyne data. These