Bharat Electronics can serve as a defence for your portfolio: Why it is stock pick of week

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The postponement of capital expenditures by private sector companies was one of the biggest casualties of Covid-19 induced disturbances. Most of the capital goods companies suffered because of the same. However, Bharat Electronics (BEL), a primary supplier of electronic equipment to Indian defence services and a beneficiary of government’s plan to increase indigenisation and reduce import dependency across the defence sector, was undeterred by