Defence stocks detonate in Rs 1.8 lakh crore boom. Is a ceasefire on the charts?
Ashwini Shami of OmniScience Capital has issued a caution, stating that valuations have become quite expensive. He points out, “The Nifty Defence Index has surged 60% from its February 2025 low, and its current P/E ratio stands at 61 — close to the overheated levels of July 2024 when it touched 73x.”

However, he remains optimistic about the sector’s long-term growth potential. His advice: invest with a long-term perspective, think with a calm mind, avoid getting caught up in short-term rallies, and always pay close attention to valuations.

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https://m.economictimes.com/markets/stocks/news/defence-stocks-detonate-in-rs-1-8-lakh-crore-boom-is-a-ceasefire-on-the-charts/articleshow/121257999.cms