US-Iran war, April 4 -- It has been more than five weeks since the beginning of the Israel-US-Iran war. The geopolitical tension is yet to de-escalate, especially after Iran's rejection of the 15-point plan suggested by US President Donald Trump. While the US-Israel and Iran are yet to reach any ceasefire terms, Russia has intensified attacks on Ukraine, and experts believe China may also fancy its chances of annexing Taiwan in the current geopolitical context. Therefore, the defence theme is expected to work in the medium to long-term.

According to market experts, amid sideways-to-negative trends on Dalal Street, defence is one segment expected to perform in the short to medium term. They said that Indian defence companies, developing d...