L&T hits all-time high

about 2 years ago
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The BSE Capital Goods Index is booming, rising to an all-time high of 21797.97, a surge of over 6%.

L&T, as expected leads the pack, going on to hit a new high today at Rs.1593; of the 23 stocks covered in this index, 18 are up in the green and only five – Adani Green, Schaeffler, Carborundum Universal, Timken and GMR Infra are down.

The Budget has not only given a major infra build booster but all the others – Railway, highways, ports, airports, every other booster will ultimately have a multiplier effect on the capital goods sector.

This high capex rollout is a major growth impetus for all the industries sector.

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