Defence Sector in India is in a sweet spot, with production and exports set to double in 3-4 years as per GOI's targets.
HAL is the juggernaut in this space, and while the expansion will primarily benefit Private players, the assembly work for the final piece will be monitored by HAL mostly.
I strongly believe that the technical setup and fundamental outlook seems very well poised to snowball it into 3k levels soon.
Once the previous high is breached, and an upcoming earnings trigger, it will be interesting to see how this plays out.
Cheers! Let me know what you think in the comments below, and follow for similar content and regular updates.
Again, only for educational purposes. Thanks for reading! :)
HAL is the juggernaut in this space, and while the expansion will primarily benefit Private players, the assembly work for the final piece will be monitored by HAL mostly.
I strongly believe that the technical setup and fundamental outlook seems very well poised to snowball it into 3k levels soon.
Once the previous high is breached, and an upcoming earnings trigger, it will be interesting to see how this plays out.
Cheers! Let me know what you think in the comments below, and follow for similar content and regular updates.
Again, only for educational purposes. Thanks for reading! :)