Kalpataru Projects International (KPIL), a major player in global power transmission & distribution, railways, oil & gas, and civil infrastructure, has experienced substantial growth in its share value over the past 25 months. During this period, the shares have surged from ₹356 apiece to the current trading price of ₹1,303, […]
capital goods stocks
In the past year, the Indian stock market has experienced significant growth, delivering substantial returns for investors across various sectors. Notably, stocks within the capital goods sector have garnered significant attention from investors. This sector, encompassing industries that manufacture machinery and equipment used for industrial production, construction, and infrastructure, has […]
In a recent report, brokerage house Emkay believes that at 19.5x PER, the correction isn’t deep enough yet. At current levels, the brokerage is neutral on equities and would stay invested but not add to positions. If the Nifty does correct another 10 percent to below 20,000, it sees the […]
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its […]