Cut The Clutter: HAL booms beyond Rafale, defence PSUs/shipbuilders beat indices several times over to script unlikely success story

HAL has been in the news of late over a proposed mega deal with the US that will help the government aerospace & defence giant churn top-of-the-line fighter jet engines in partnership with GE. Over the past 5 years, since its IPO was launched, HAL has multipled market cap six times & so have several other defence PSUs. In Ep 1248 of Cut The Clutter, Editor-in-Chief Shekhar Gupta explains why defence PSUs are prospering, and what it means for the military.