IIP growth may be at 17-mth low, but these industrial stks likely to shine

A study by Indian Electrical & Electronics Manufacturers' Association shows industrial and engineering companies had one of their best times during the first half of 2018.

Growth in industrial activity might have dropped to a 17-month low of 0.5 per cent in November, but a study by Indian Electrical & Electronics Manufacturers' Association (IEEMA) shows that industrial and engineering companies had one of their best times during the first half of 2018.

According to IEEMA, growth in electrical equipment industry (EEI) rose to a five-year high of 19 per cent (year-on-year) in the first half of 2018-19, driven by industries like energy meters, cables and wires, transformers, capacitators and switchgear. EEI growth in the second quarter of FY19 stood at 28 per cent, against 11 per