JSW Energy Ltd, BHEL, Hero MotoCorp, Bosch, NHPC and Samvardhana Motherson International Ltd may be categorised as largecaps. Stocks such as Berger Paints, Marico, SBI Card, Polycab India are expected to be shifted to the midcap category.
India-Indonesia Defence Industry Exhibition-cum-Seminar in Jakarta marked a milestone in bilateral defence cooperation. The event showcased Indian defense prowess, fostering strategic partnerships and aiming for regional stability in the Indo-Pacific.
Data available from corporate database ACE Equity shows that Nifty India Defence index has surged 142% in the 12-month period. The index has significantly outperformed the equity benchmark Nifty50 that has given 26% return in the same duration
With headline indices marching northwards in the last few months, one should remain cautious while picking buzzing sectors. Be selective in PSU stocks; defence sector poised for solid growth, says Ajay Garg, CEO of from SMC Global Securities.