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- by economictimes.indiatimes.com
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Defence stocks retreat after up to 84% rally in 3 months. Is it time to book profits or hold?
Indias defence stocks retreated on Thursday after a sharp three-month rally, with Bharat Dynamics falling the most. The Nifty India Defence Index dropped over 2% amid profit booking and valuation concerns. Analysts, however, see robust long-term growth prospects driven by strong order inflows post-Operation Sindoor.