Despite the Union Budget’s focus on consumption, capital goods stocks have significantly outperformed, with the BSE Capital Goods Index soaring 10%. This rally, fueled by strong order pipelines and high manufacturing capacity utilization, has added Rs 1.85 lakh crore in market value. Experts suggest this capex revival is a multi-year phenomenon, driven by government initiatives and healthy corporate balance sheets.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets