I had also entered from similar levels and I am still holding.
I agree , the kind of growth it has given , we may not see these kind of growth in future.
But I still find safety in these stocks as long as it continues to have 5-6 years order book at any point of time , given the geo political situations and the fact that we are sandwiched between two nations where our relations remain tense and defence budget would remain robust – no opposition can complain- Defence of our nation is the top most priority.
There are several Navy projects under considerations to counter China which has 3 times more Naval powers in Indian Ocean. These projects would convert in to order book. so , these stocks have earning visibility for the long term …though in short term market volatility could continue due to sector rotation and other economic and geo political situations…
These stocks may not give QoQ performance and performance QoQ/ YOY could be lumpy.
However , portfolio resizing in such kind of run up is a standard recommended practice.
Discl : Not a buy sell recommendation. i may be wrong in my assessment. please do your own assessment before buy sell.
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