Looking to buy value picks? Consider capital goods stocks, say analysts

Looking to buy value picks? Consider capital goods stocks, say analysts

Currently, many capital goods stocks are trading much below their five-year averages valuations. Capital-goods stocks such as ABB NSE 1.78 % , Siemens NSE -0.48 % , Cummins India NSE 0.77 % and Thermax NSE -0.78 % , which have underperformed the market in the past few years, are attractive for bargain hunters. Valuations of these scrips are below their historical averages, and with the investment cycle expected to pick up and consumption slowing down, analysts are increasingly recommending shares of capital-goods companies for the next five years. “We see the capital-goods sector — especially L&T, Kalpataru Power, KEC […]

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