Mazagon Dock: aptly called “Ship Builder to the Nation”

A good money making idea ! . Booking profit in stocks is something -a personal decision which everyone does depending upon one’s goal and other market situations.
If the market turns bearish for long term , then most stocks and sectors may turn negative and defence stocks may not be an exception.

However defence stocks are supposed to be recession proof- no inflation should affect PSU defence business- Defence of the nation is the priority at any cost . There is a fixed order book from the Govt and the Govt is not likely to cancel defence orders ! In fact mores orders could flow in future as the defence budget / allocation forms a lion’s share in year’s overall budget !

Having said that defence stocks carry a very low p/e , just because of PSU tag and the downward risk may be limited unless the Govt reverses it’s decision of “atma nirbhar” and or cuts down its Defence budget.
Discl: I am holding defence stocks for long term and currently sitting on 30-40% return on my defence stocks and I am definitely biased.
Therefore please do your own assessment for investing or to remain invested or to exit.