Financials remain strong despite volatility; defence a long-term play: Invasset

Anirudh Garg, Partner & Head of Research at Invasset, says financials remain one of the strongest sectors despite recent volatility, with PSU banks, newer private banks and NBFCs better placed due to healthier balance sheets. He believes crude price spikes are largely event-driven and may settle around $80–$85. Garg adds defence stocks remain a structural long-term opportunity, while quality companies like IndiGo could offer buying opportunities during temporary uncertainty.