Capex revival in December quarter may not last
Investors will be more focused on what they hear on the ground from companies in post-results management commentary
January 02, 2020 / 09:31 AM IST
India’s private sector is seeing a capex revival if CMIE’s data for the December quarter is to be believed. But it’s not quite adding up. Engineering companies have so far not indicated any widespread revival in demand for their goods. The government-calculated core industries index declined by 0.5percent in November and was flat in the April-November versus a year ago.
But CMIE’s Capex update for the December quarter saw new capex announcements jump to a high of Rs4.26 lakh crore,...