Sharad Avasthi, Head of Research (PCG) at SMIFS, shares insights on defence, railway, and PSU stocks. He emphasizes a long-term view for defence stocks, citing export opportunities and budget allocations, despite some volatility. Railway stocks, too, show promise with ongoing expansion and decent valuations after corrections. In PSUs, REC, PFC, ONGC, and Coal India present attractive valuations, backed by steady growth and strong fundamentals.
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