Quote on Defence stocks are down today after the Tejas incident. What explains this weakness by Putta Ravi Kumar, Defence Analyst at Choice Institutional Equities
Below the Quote on Defence stocks are down today after the Tejas incident. What explains this weakness by Putta Ravi Kumar, Defence Analyst at Choice Institutional Equities
"We believe this decline appears sentiment-driven rather than fundamental. The recent incident involving the HAL Tejas has triggered near-term risk aversion, leading to profit booking across defence companies. However, a single operational incident does not alter the structural demand outlook, execution pipeline, or order visibility for the sector. We view the weakness as largely technical and sentiment-led."
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