Capital Goods Stocks Gain for Second Day; L&T, BHEL Lead

Capital goods stocks continued their upmove for the second straight day ahead of the Union Budget 2015-16 on hopes that the government will announce measures that would boost infrastructure investment in India.

 

Shares of Larsen & Toubro, BHEL, Suzlon, VA Tech Wabag, BEL, Pipavav Defence, Larsen & Toubro, Alstom T&D and Thermax jumped over 2 per cent each.

 

In order to push the economic growth, the government will have to invest heavily on improving the infrastructure. A move which can directly impact the order books of companies in this sector.