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    Finally capex revival showing results: 5 capital goods and engineering stocks with upside potential of up to 21%

    Synopsis

    Unlike 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.

    Capital goods and engineering companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Two things which impact the demand for capital goods. First is the spending, both by the government and private sector. Second is the focus of
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    The Economic Times