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L&T, Siemens Energy Among Motilal Oswal's Pick In Capital Goods; BEL Tops Defence In Q3 Results Preview
05 Jan 2026, 08:58 AM IST 
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Motilal Oswal retains positive stance on L&T, Cummins India and Siemens Energy in the large-cap capital goods space. (Representative image from Defence Expo 2022/ Photo: Vijay Sartape/NDTV Profit)
Motilal Oswal expects execution growth to remain healthy for its coverage companies in the capital goods universe, driven by strong order inflows and order books for them. While ordering remains strong across thermal power, renewables, T&D, data centers, buildings and factories, and defense, the brokerage is selective in picking up from the domestic private sector.
