Pre-Budget Investment Opportunities: Gaurav Sharma On Stocks To Watch And Buy Now

Gaurav Sharma, Associate VP & Head of Research at Globe Capital, discussed the outlook for defense and railway stocks ahead of the Union Budget. He noted that the recent upward movement in defense stocks, including Bharat Electronics (BEL), Mazgaon Dock, and Hindustan Aeronautics Limited (HAL), is likely driven by pre-budget optimism. Sharma highlighted Mazgaon Dock's potential, particularly due to increased contracts from the Indian Navy for frigates and submarines. He also pointed out that HAL is well-positioned with ongoing modernization projects like Tejas and Su-30. Sharma remains bullish on these stocks, expecting strong performance over the next two to three years.