Exclusive | Why BofA's Amish Shah is booking profit in defence stocks after Budget
- Posted on February 6, 2026
- By Business News Today
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Exclusive | Why BofA's Amish Shah is booking profit in defence stocks after Budget
BofA Global Researchs Amish Shah is booking profits in defence stocks after a sharp rally, citing stretched valuations despite a strong Budget capex push. Shah prefers rotating into rate-sensitive cyclicals and sees Nifty at 29,000 by December 2026, with earnings growth expected to accelerate in FY27.
