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Smaller capital goods players offer respite

Stocks such as AIA Engineering, Engineers India, LMW and SKF India hold potential given their niche offerings

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Capital Goods

Hamsini Karthik  |  Mumbai 

Smaller engineering companies seem to have stood out in August, despite order activity falling 51 per cent to Rs 8,400 crore. This performance stands in contrast to July, when orders awarded crossed Rs 40,000 crore.

Analysts say that as power equipment and railways continued to command a lion's share in recent tenders (40-45 per cent) and with many other sectors showing weakness in terms of order momentum, a secular improvement of order inflows for engineering companies may still be a few quarters away. AIA Engineering, Engineers India, Lakshmi Machine Works (LMW) and SKF India that ...

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First Published: Mon, October 03 2016. 22:50 IST
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