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Capital goods shine selectively
Mint Kolkata
|October 10, 2025
The S&P BSE Capital Goods index gained 21% in the previous six months on the back of some key developments.
Among those-the Union government's capital expenditure spending rose 43% to ₹4.3 trillion in the first five months of 2025-26 (April-August), and defence ministry has outlined 15-year sectoral needs, targeting annual spending of $25-30 billion (₹2.2-2.6 trillion).
Also, strong execution of record-high order books is expected to translate to decent second-quarter (July-September) earnings for some capital goods companies. Improving execution is seen offsetting the adverse impact of lower exports and deferment of new orders due to US tariff-related uncertainties.
This story is from the October 10, 2025 edition of Mint Kolkata.
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