Indian PM Narendra Modi and US President Joe Biden (File)
Prime Minister Narendra Modi has left for America tour today. This visit of PM Modi is considered very important for the economy of India. Especially a big agreement is being expected regarding the defense sector. According to experts, the agreement between India and America to make jet fighter engine can be sealed. If this happens then India will join those 5 countries which make jet fighter engines. Till now even China cannot achieve this title. Apart from the jet fighter engine, some more important agreements regarding defense are also expected.
The defense sector is very important for both India and America, if this deal happens then the self-reliant plan of the Modi government will get more strength. After this, India itself will be able to manufacture jet fighter engines. PM Modi’s US tour is considered very important for India’s defense sector. For this reason, market experts are expressing a positive attitude on the stocks of this sector as well.
India’s defense ecosystem will be better like this
According to market experts, due to the visit of PM Modi to the US, the defense sector index may show an upward trend for the next few months. If India moves forward in defense technology transfer and arms manufacturing under the Make in India banner, then India’s defense ecosystem will improve. Which will benefit the companies.
These stocks can see a boom
According to the expert of Motilal Oswal, on one hand there is an election atmosphere in India. At the same time, PM Modi’s US tour can prove to be very important to give a boost to the economy. There are some defense companies like Bharat Dynamics, Mazagon Dock Shipbuilders, Hindustan Aeronautics Limited, in which a fast trend can be seen in the coming times. According to the expert of Motilal Oswal, the stocks of these companies can see a rise of 15 to 20 percent in the next three months.
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Cochin Shipyard is also eyeing
Experts are also looking bullish on Cochin Shipyard, another company in the defense sector. According to Anuj Gupta, Vice President, IIFL Securities, these stocks can register a gain of 20 per cent within the next two to three months. If you also invest in the stock market, then you can keep an eye on the Defense Index. Your right strategy, right stock selection and right timing can benefit you.
Disclaimer: TV9 Network does not advise to invest in any stock. Here only the opinion of the experts has been kept. Before investing in any stock, take the advice of your market expert.