“Viraj Gandhi is bullish on sectors like defence, financials, and pockets of consumer discretionary, industrial products, auto, and infrastructure, believing they are structurally well-positioned for the next three to five years. This outlook is driven by policy support, strong balance sheets, evolving demand dynamics, and improving earnings visibility. Specifically, the defence sector holds multi-year potential due to rising government spending on modernization, local manufacturing, indigenization, and strategic partnerships.”