π Kotak's big call on defence stocks
Kotak Securities has narrowed its top picks down to just one defence company. This analysis focuses on Hindustan Aeronautics Limited (HAL), Mazagon Dock Shipbuilders Limited, and Bharat Electronics Limited (BEL). The firm projects potential downside of up to 45% across these three listed stocks. The assessment is based on recent market trends and future outlook for the defence sector. Investors are advised to watch closely for further updates from the brokerage.