Finally capex revival showing results: 5 capital goods and engineering stocks with upside potential of up to 21%SynopsisUnlike in the past where the turn around in the capital expenditure cycle was pretty much a secular phenomena, this time around it is turning out to be sector specific phenomena. So anything to do with railways, defence and sugar has done extremely well, whereas power has been a laggard. But now even power has been catching up. Some other new sectors like water and waste management have come up where demand for a different sort of engineering services and capital goods have been created.

Source: Economic Times August 16, 2023 07:40 UTC