Jefferies Highlights India's Defence Capex Surge

Jefferies, a big investment company, has noticed that India is spending a lot more money on defence, even though some other government spending has gone down.

They think this is a good time to invest in companies that make things for defence, like aeroplanes and engines.

They also think that companies involved in building roads and railways are doing well.

Jefferies has given some companies special ratings, saying their stock prices could go up a lot.

For example, they think Hindustan Aeronautics could go up by 38%.

They believe that defence and power companies have good visibility for future spending, which makes them good investment choices.