Selective bets in defence, CV cycle turns supportive, value seen in ITC: Sandip Sabharwal

January 30, 2026

Ahead of the Union Budget, market expert Sandip Sabharwal urges selective investment in defence stocks. He notes the commercial vehicle cycle is strong, with Tata Motors CV appearing more attractive than Ashok Leyland. Sabharwal sees value in ITC, expecting moderate returns. He expresses skepticism about Swiggy’s profitability amid intense competition and growth challenges.

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