Nirmal Bang highlighted in its note that the excitement surrounding the Defence sector is largely driven by strong order books leading to high valuations. However, conventional financial metrics fail to fully capture the industry’s true value, particularly in terms of cyclicality, profitability, and efficiency.  Nirmal Bang Securities Pvt Ltd, a leading full-service brokerage firm in … Continue reading Should you book your profits in HAL, BEL, Paras Defence and Mazagon Dock?