The Economic Times
English EditionEnglish Editionहिन्दी
| 08 March, 2021, 10:36 AM IST | E-Paper
Search
+

    FPIs tune in to hum of capital goods as capex cycle turns

    Among stocks in the sector, FPI holdings in India’s largest infrastructure company Larsen & Toubro rose to 21.11 per cent in the quarter ending December 2020 from 18.78 per cent a year ago, show BSE data.

    Synopsis

    On a year-to-date basis ending February, capital goods sector stocks received cumulative inflows of $448 million (Rs 3,270 crore), equivalent to 7.21 per cent of total FPI inflows in the same period.

    ET Intelligence Group: Foreign portfolio investors (FPIs) are increasingly turning bullish on India’s capital goods sector as rising revenue visibility and growth guidance for infrastructure companies, a bulging order book and a large prospective order pipeline point to evidence of a reversal in the capex cycle. The attractive relative valuation compared with benchmark indices may keep them hooked on to the sector in the medium
    Share This Article
    • GIFT ARTICLE
    • FONT SIZE
    • SAVE
    • COMMENT

    Sign in to read the full article

    You’ve got this Prime Story as a Free Gift

    Why ?

    • Sharp Insight-rich, Indepth stories across 20+ sectors

    • Access the exclusive Economic Times stories, Editorial and Expert opinion

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    The Economic Times