Ashish Gupta of Axis Mutual Fund sees investment potential in defence and PSU sectors despite market corrections. He finds defence valuations attractive but emphasizes the importance of order book to revenue conversion. Gupta prefers private banks over PSU banks due to stronger market positioning. Ashish Gupta of Axis Mutual Fund sees investment potential in defence and PSU sectors despite market corrections. He finds defence valuations attractive but emphasizes the importance of order book to revenue conversion. Gupta prefers private banks over PSU banks due to stronger market positioning. Economic Times