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The volatility and the turmoil that we had might lessen a little bit down the road. There is some sense of stability to the extent that you can get stability in Trump administration, but that the feeling is that yes, the dust is settling, he has certain policies that will work.
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Shares of Mazagon Dock fell 4.2% to Rs 3,377.40 on the BSE, while Cochin Shipyard slipped 3.7% to Rs 1,960.05. HAL declined by up to 3% to Rs 4,972.10, and GRSE dropped 4.4% to Rs 2,372.20. This pullback comes after a strong rally last week, during which all four stocks recorded double-digit gains with Cochin Shipyard and GRSE jumping over 40% between May 9 and May 17.
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India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in terms of the domestic drivers to the economy looks pretty good.
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