Buy PSU Defence stocks. They have a monopoly, $60 Bn opportunity & are trading at reasonable valuations: Experts

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Rakesh Jhunjhunwala Fan Site

Oct 10, 2022, 11:58:18 AM10/10/22
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Defence stocks are globally in demand. The situation in India is no different. Experts are unanimous in their opinion that we should buy these stocks without further delay given their huge scale of opportunity and reasonable valuations

High Conviction Stocks Idea Attributes • Company: a) Sound / resilient business; b) Consistent strong financials; c) High growth potential; and d) High return on invested capital • Industry: a) Market leaders / Strong brand value; b) High growth opportunities; c) Strong entry barriers • Management: a) Visionary Leadership; b) Strong & Effective Management; and c) High corporate access, including promoters and CXOs

Strong cost control and management focus on aggressive store additions along with thrust on digital & tech initiatives were key positives providing strong growth outlook. The resultant robust performance in Q1 FY23 led by strong Revenue growth, recovery in LFL growth and positive expectations from the new brands portfolio makes JFL a hot pick.
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