Why Are Market Experts Cautious On Defence Despite Bull Run?

Defence has been one of the hottest themes in the market, but are the stocks worth buying now? Market expert Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors shares why he is staying cautious despite strong order books and long-term growth potential in the sector. He points out that valuations have already priced in the next 2–3 years of growth, leaving little margin of safety for investors. Another risk is the heavy dependence on a single buyer—if defence orders get delayed, earnings could turn uncertain very quickly. While he believes the sector will perform well over the coming years, he is waiting for better entry points before investing. Listen in