Why Defense Investors Should Tread Carefully? Market Expert Kiran Jani Answers

Should You Invest in Defence Stocks Now? Experts Weigh In.  Gaurang Shah, Sr. VP, Geojit Financial Services, maintains a bullish outlook on the defence sector, highlighting the strong fundamentals of companies like Cochin Shipyard, BEL, Mazgaon Dock, BEML, and HAL. He emphasizes that these companies have robust order books that will sustain growth for years, driven by rising overseas demand. Even if these stocks experience a 30-40% correction, Shah believes the long-term growth potential remains bright. On the other hand, Kiran Jani points out that defense stocks have delivered fantastic returns over the past year, but technical indicators suggest they are currently in overbought territory. He recommends a wait-and-watch approach, advising against entering these stocks at current levels. Kiran Jani does not expect significant returns from the sector in the near term. Watch the full video to understand the contrasting views and decide your next move in the defence sector!