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HAL, Garden Reach, Mazagon Dock, BEML, Bharat Dyn .. cs: Gaurang Shah's strategy on top defence stocks
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HAL, Garden Reach, Mazagon Dock, BEML, Bharat Dynamics: Gaurang Shah's strategy on top defence stocks

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Defence stocks have witnessed a significant of profit booking from the peak in the recent months with many trading at a discount of up to 55 per cent.
The article from MSN Money discusses investment strategies for defense sector stocks in India, as outlined by Gaurang Shah, Senior Vice President at Geojit Financial Services. Shah highlights the robust performance of defense stocks like Hindustan Aeronautics Limited (HAL), Garden Reach Shipbuilders & Engineers, Mazagon Dock Shipbuilders, Bharat Dynamics, and BEML, attributing their growth to increased government spending on defense, indigenization efforts, and a strong order book. He recommends HAL as a top pick due to its significant role in aircraft manufacturing and its potential for further growth. Shah also notes that these companies are likely to benefit from the government's push towards self-reliance in defense production, making them attractive for long-term investment. He advises investors to consider these stocks for their portfolio, emphasizing the sector's stability and growth prospects amidst global geopolitical tensions.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/hal-garden-reach-mazagon-dock-beml-bharat-dynamics-gaurang-shah-s-strategy-on-top-defence-stocks/ar-AA1zBieq ]