Jewellery, defence, and banks: Nuvama's Nikhil Ranka reveals where to find real opportunities (opens original article in a new tab)

Nuvama's Nikhil Ranka highlights jewellery, defence, and banks as sectors with strong opportunities, while retail and textiles show mixed prospects with caution needed on valuations and growth expectations.

• Retail sector faces limited multiple expansion due to moderated growth and high valuations
• Jewellery sector shows strong growth with 20%+ performance from leaders and 25-30% from smaller players
• Defence sector offers long-term opportunities despite quarterly volatility and structural growth drivers
• Banks benefit from FCNR deposits, falling bond yields, and reduced FII selling pressure