A global risk-off trade is overdue and India should gain: Vinay Jaising
“We are seeing the earnings growth trajectory of India led by banks, the capital goods sector doing very well and FII inflows. In the last week or two, FYTD is up a solid $18 billion. But yet, over three years, we are a negative number. If India's GDP is growing at four times that of the rest of the world, the risk-off trade should be a big vantage point for India.”
Buy Bharat Dynamics; target of Rs 1325: ICICI Securities
ICICI Securities is bullish on Bharat Dynamics recommended buy rating on the stock with a target price of Rs 1325 in its research report dated August 08, 2023.
PhillipCapital bullish on defence sector, sees long-term growth potential in these stocks
The brokerage house forecasts a significant opportunity pipeline of $110 billion over 6-8 years, despite India's current defense revenues being only $8 billion