business π‘οΈ Top defence stocks to buy according to Anand Rathi
Defence companies are showing robust order books with Q1 results signaling a shift towards execution. Brokerage firm Anand Rathi has named Hindustan Aeronautics (HAL) as its top pick with a 'Buy' rating. However, they downgraded Solar Industries India and Astra Microwave Products to 'Hold' due to high valuations. The sector benefits from rising inter-dependency, where one award benefits multiple listed companies. Investors should note that sharp re-rating makes risk-reward more selective moving forward. π