The defence equipment stocks have been witnessing a lot of strength lately. Many of the stocks from the space that staged a breakout are presently consolidating which makes them an attractive buy. Investing near the breakout levels has the potential of decent upside.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.