Defence stocks: Black & white, and many shades of grey. 10 stocks with an upside potential of up to 30%

On Friday, when the market was reeling, one set of stocks was trading in the green: Defence stocks. Now, Indian defence companies supply neither Israel nor Iran. So, that conflict should not have pushed these stocks up. Perhaps the Middle East conflict was taken as another indication that, going forward, more conflicts are inevitable and hence the overall spending on defence will go up globally, with India being no exception. Now, the question: Should you sell, buy, or hold defence stocks? The answer is not simple, but it holds many clues to many things that are important from an investment perspective.