PSU rally shows momentum, but strategic picks remain in defence and power: Dharmesh Kant

February 17, 2026

Public sector stocks are experiencing a surge, with defence and power sectors showing promise due to robust order books and improving execution. While defence is a preferred long-term theme, experts express caution on oil and gas due to structural headwinds and see only tactical opportunities in IT.

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Gold below Rs 1.5 lakh, silver down Rs 2,000 on dollar strength, Trump’s power plant threat to Iran. What should investors do?

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