Also defence as a sector is very vulnerable since too much murky politics involved in it...... contracts can get through or scrapped with change of politicians will, whim and fancies 
!! Plain bitter truth. And this is not only in India....... US is the worst in this aspect followed closely by the Europeans , Russians and South Africans.
So this sector may infact give excellent short to medium term returns (especially if the company has the politicians in their pocket ) while the going is good before the defence forces or the politicians change their course and bet on a different horse (company!)
Regards
!! Plain bitter truth. And this is not only in India....... US is the worst in this aspect followed closely by the Europeans , Russians and South Africans.So this sector may infact give excellent short to medium term returns (especially if the company has the politicians in their pocket
) while the going is good before the defence forces or the politicians change their course and bet on a different horse (company!)Regards