“Sudip Bandyopadhyay acknowledges the strong long-term story for the defence sector but finds most pure-play defence valuations stretched even after recent corrections. He prefers companies with significant defence businesses where overall valuations are attractive, naming Larsen & Toubro as a headline pick and a very good bet at current levels for aggressive investors, despite its West Asia exposure. Bharat Forge is another name he likes.”

Sudip Bandyopadhyay’s track record: 8 graded calls · 95% CI 14–69%