Market Expert Advises Caution for New Investors Eyeing Defence Stocks Amid Bull Run | Share Market

In this entire defence PSU pack, just wanted to understand, I know you have advised caution many times, but the stock prices seem to be doing a different thing altogether, as is the case with news flow, be it order wins or now for a Navratna status for Mazagon. What would you recommend to new investors who are looking at defence as a pack, who have completely missed out on the last year and a half or two of the rally within this pack to go about it?
Dipan Mehta: If you missed out, then just stay away at this point. Even in bull markets, one should expect corrections and corrections are a good time to load up on stocks that have done exceptionally well and the future also is very good, very positive because of order wins or earning visibility. But in a charging bull market, in a running train like this, it does not make sense to enter.
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[@saratchandraprayaga6930]

Does mehta have any thing with reasonable value now, you don't ask he will not say. Companies are making high profits and good increase in sales what if pe is high ? Even at 70 pe wallstreet guys were recommending nvidia buy for 3000$ targets😅 if long term investor buys today and adds if any time there is substantial dip of 25 to 30% like on 4th June he can suggest such levels instead of sitting on sidelines.😅😅

[@sandeepkumarsingh8260]

baseless you are just enjoying your TRP