Ambareesh Baliga, an independent market analyst, has curated a stock portfolio focusing on defence, banking, infrastructure, and power sectors, which he believes are poised for growth over the next one to five years amid ongoing geopolitical challenges. In the defence sector, he acknowledges that stocks remain expensive but emphasizes their importance in core portfolios, recommending companies like Mazagon Dock, Garden Reach Shipbuilders, Cochin Shipyard, and Bharat Electronics (BEL). In banking, Baliga identifies HDFC Bank as a strong buy with a target price of ₹1,000–1,050 over the next 12–15 months, alongside Kotak Mahindra Bank and Axis Bank for new investments. He also sees potential in IDFC First Bank for a recovery in the coming year. For insurance, he suggests HDFC Life and SBI Life, citing India's low insurance penetration as a growth driver. In infrastructure, Larsen & Toubro (L&T) is highlighted for its potential role in Middle East reconstruction, while in the power sector, Tata Power and NTPC are recommended due to the increasing focus on energy security and green energy initiatives.