InvestorQ : What are some good trading ideas and investment tips for 10 August? Do you see defence stocks as the big story?
Arusha Ray made post

What are some good trading ideas and investment tips for 10 August? Do you see defence stocks as the big story?

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diksha shah answered.
4 months ago
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In a week that will see key macro data points like CPI inflation and IIP data, the big story could be the government decision to ban imports in 101 items in the defence list. This could give a big boost to domestic defence production. Here are some key trading tips.

· If you are looking at the private sector defence story, buy Walchandnagar Industries at Rs.52 and Astra Microwave at Rs.108 for 30% upsides in one month.

· PSU defence stories like Bharat Dynamics at Rs.415 and HAL at Rs.940 will be major beneficiaries of the inward looking defence policy. Buy with 25% upside expectation.

· I am again reiterating my positive view on M&M Financials at Rs.135 with target of Rs.170. Easier restructuring options given to NBFCs and banks could be a boost.

The market story on Monday is likely to be built around defence stocks and that should be your focus from a short to medium term perspective.

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