The PE of aerospace and defence player Zen Technologies, which makes military training live-range equipment and anti-drone systems, has fallen from an average of 225 to 76.6. HDFC Securities said that given a large order inflow and revenue visibility for the next few years, some more rerating is possible in the stock.
Chakri Lokapriya bullish on Indian IT, Power & PSU bank stocks for 2025
I think so whether it is Havells or even companies like Finolex Cables they have all corrected quite a lot over the last one year.