Sniper-Traders

BDL : Going long

Pembelian
NSE:BDL   BHARAT DYNAMICS LTD
Took an entry for about 1.25% of the capital. But I do expect a small correction further down and if it does I'll add on another 1.25% and sum up the total holding to 2.5%.

Pretty confident about the defense sector and also the particular stock. Although the valuation is a bit high, the overall state of Indian economy when compared to the global economy and also the stability and support of the current Central Government, gives confidence in a sector like defense.

Expecting a return of at least 30% within a few months.

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