In her Union Budget 2024 presentation on July 23, Finance Minister Nirmala Sitharaman announced the defence budget for FY25, allocating Rs 4.54 lakh crore, reducing it from Rs 6.21 lakh crore from the Interim Budget.

In the first half of 2022, when most of the stocks were bleeding red and the broader markets were on a downhill ride, there was one sector that gained investors’ attention and outperformed the markets. This sector not only defended its investors’ interests but also, managed to help them generate alpha.