FOMO overriding fundamentals? What makes India’s top shipbuilder sail despite downside calls
Recently, ICICI Securities gave a 77% downside call on Mazagon Dock Shipbuilders citing expensive valuation. Nirmal Bang also downgraded defence stocks in a report last month because of their super-rich valuations. Still, why do investors believe that there are immense growth opportunities for companies in the defence sector?
SAIL
MAZDOCK
ISEC
BANG
Economy
Markets