Add ITC on further dips; expect consolidation in defence stocks: Gurmeet Chadha
“Looking at the order book can be misleading in defence stocks because one needs to see the milestone payments, how the execution happens, how the commodity prices behave. We are looking more at Solar and HAL in this particular space. In Solar, for example, the defence is still sub-10%, it is more industrial chemicals and that book is nicely shaping up.”
