Defence may gain from Budget push; PSU banks, affordable housing finance in focus: Ambareesh Baliga

Defence stocks could gain if the Union Budget addresses execution and capacity bottlenecks, says market analyst Ambareesh Baliga. He prefers PSU banks over private lenders on improving balance sheets and possible consolidation, and sees affordable housing finance—especially Aavas—as a key NBFC play. Trade deal delays are not a major market risk, he adds.