The stocks are at exorbitant high valuation and is retail driven.
The order book can be cancelled anytime like Cancellation of Vande Bharat train order or Tejas order.
We suggest retail traders to stay away from defence Stocks and avoid value buying mentality. If you miss rally donot regret as chances of getting struck are on higher side and it is our moral duty to warn you.
Remember in bull market poor stocks can also rise but remember the defence Stocks have lot of unpredictablity attached to it and gonfor companies which have predictable earnings.
