It is not only a “Self reliant / Atma Nirbhar Bharat Play”, But , the Govt has set an export target of 50,000 crore for exporting its friendly countries.
These companies are unique and near monopoly. Defence of our nation is top most priority of the current govt and budget for defence spends can not be neglected.
They have exempted customers duty for import of some critical components for defence equipments , which India is currently not able to produce and friends upon other countries.
in order to increase liquidity in the market, the Govt/ promoter of front line PSU is gradually coming out with OFS for Defence PSU front line stocks “where the stake is very high”
So considering the future prospects, more AMC’/ MF 's are likely to add defence stocks to their portfolios
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