Capital goods firms continue to report robust order inflows driven by investments in power, railways and industrial capex. Order books across several engineering players remain at multi-year highs, indicating strong demand visibility.
The key focus area now shifts to execution and working capital management as companies scale up project deliveries. Firms are also investing in capacity expansion and localisation initiatives.
Market participants remain constructive on the sector’s medium-term prospects, backed by the ongoing domestic capex cycle.
