Capital Goods index hits 52-week low on growth concerns; tanks 14% in Feb

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Capital Goods index hits 52-week low on growth concerns; tanks 14% in Feb - Business Standard

Quick Summary:

Thus far in February, the capital goods index tanked 14 per cent, as compared to the 5 per cent decline in the BSE Sensex.

Meanwhile, Paras and Zen Tech’s management indicated that the defense order inflow in 9MFY25 has been soft, but they remain hopeful of a pick-up in inflow from Q4FY25.

However, apart from HVDC orders, large-sized order inflows, mainly from government projects, were missing in the quarter due to delays in the order finalisation, analysts said in a sector report.