Capital Goods Q4 Results Preview: Awaiting A Broad-Based Activity Revival — Motilal Oswal

Motilal Oswal believes that valuation re-rating for the sector is still some time away and will be driven only after a meaningful outperformance of capex, order inflows, and margins. The brokerage prefer players that have a well-balanced revenue mix, control over margins, and the ability to maintain or improve their growth profile going forward, and maintains its preference for L&T, ABB, and Cummins in the large-cap industrial space ...