Indian Railway Finance Corporation: IRFC remains on a solid uptrend with consistent earnings, attractive valuation, and a railway infrastructure push coming.
Mazagon Dock Shipbuilders: An excellent defense PSU that has provided excellent returns; increasing orders and the Make in India push make its multibagger characteristics interesting.
Rail Vikas Nigam Ltd. (RVNL): With rail infrastructure projects flourishing, RVNL has become a compounder with strong long-term performance.
Jindal Stainless Ltd. - Demand and exports of steel are elevated, and Jindal Stainless has often negotiated high-value global contracts with clean balance sheets.
Kalyani Steels: A hidden auto and defense-component manufacturer with strong margins and a growth outlook for the future.
HBL Power Systems: An increasing player in defense electronics and batteries with superior R&D spend and an improved order book.
Apar Industries: Transmissions and cables are their segment; this stock gained attention because they have the momentum of rising demand in power infrastructure.
CDSL (Central Depository Services Ltd): They are benefiting from the rise in the opening of demat accounts due to digital investing in India and have healthy financials.
BLS International: This is an asset-light global visa outsourcing company with strong contracts, low debt, and high return ratios.