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An analyst from Anand Rathi said that JSW Infra saw a major breakout above Rs 230 mark. It underwent a sharp rally towards Rs 275 and then it witnessed a correction to retest the breakout zone.
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