Enter Reliance Defence, says Avinash Gorakshakar

Avinnash Gorakssakar, Financial Adviser told CNBC-TV18, "If the investors are willing to wait for the next 12-18 months, definitely Reliance Defence and Engineering should be a good long-term rewarding play in the defence sector.""They recently got 15 new licences for a range of defence products, so hopefully we could expect some traction on the order book in the next 6-12 months. Therefore, if the investor can wait for 12-15 months then this is a good entry price to enter," he added.