Excellent analysis and providing a healthy debate opportunity to all of us, otherwise mostly reading positive about defense sector everyday Vaibhav bhai.
I think all your points are valid. But PSU are performing really well, they have good order value for sure. And a bit cheaper than private companies.
And yes, few companies are not in healthy situation. Over valued.
My personal opinion. HAL is a solid company, quite old, very good experience in this space. And have good PE (lowest among others). One can target this company. I am sitting on a good profit, will add more on every correction.
BEL BEML – highly volatile companies, lots of ups and down. I have purchased this stocks a while back, so on a healthy profit, but will not add more.
Mazagon – good attractive PE – will add more. Also government will issue OFS, so we may see correction, but it will bounce back.
Cochin, Garden – news specific movement.
I have minor holding in Zentech, netweb, kaynes, nibe. Will keep them for few years.
I think from a long term perspective, this will be a good bet. Government will not be able to afford any kind of mismanagement or blunders in this space. But if current government goes – sell everything!
(I am invested)
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