Rajat Sharma of Sana Securities advises caution on defence and real estate due to high valuations, despite positive market sentiment. He expresses concerns about real estate balance sheets and the unsustainability of current valuations. Sharma favours ITC and alcohol stocks within the FMCG sector, highlighting their resilience against quick commerce and attractive valuations.
Azad Engineering block deal: Nomura picks stake worth Rs 66 crore in this smallcap defence stock
Nomura acquired over 4.1 lakh shares in Azad Engineering for Rs 66 crore through a block deal at an 8% discount. Despite the investment, Azad’s