BEL, Solar Industries, PTC to see upside up to 46%, Goldman Sachs says amid Rs 790 billion defence push
Goldman Sachs has turned bullish on India’s defence manufacturing sector, naming PTC Industries, Bharat Electronics, and Solar Industries among its top picks, after the Defense Acquisition Council (DAC) cleared proposals worth Rs 790 billion this week, a move the brokerage said reinforces its belief in an increasing total addressable market (TAM) for domestic defense firms….