Dipan Mehta, Member of BSE & NSE is of the view that one may prefer BEML and Bharat Electronics.
With defence being the central theme of the ‘Make in India‘ campaign, the capital spend is only expected to accelerate hereon (13% CAGR in FY08-15), says the report.
Sudarshan Sukhani of s2analytics.com advised investors to shift from Bharat Earth Movers (BEML) to Larsen and Toubro (L&T) and Bharat Heavy Electricals (BHEL).