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Opinion | L&T commentary paints grim picture for cyclical upturn in capex

Populist schemes being announced before the elections will mean the government may have to slash capital expenditure.

January 30, 2019 / 08:03 AM IST
Opinion | L&T commentary paints grim picture for cyclical upturn in capex

L&T Technology Q4 | Profit rose to Rs 204.8 cr vs Rs 191.5 cr, revenue rose to Rs 1,446.6 cr versus Rs 1,343.1 cr YoY. (Image: Reuters)

Shishir Asthana There are a few companies in India that almost represent an entire sector. L&T is the largest infrastructure player in the country and is often considered a proxy bet for the sector. L&T is also a key player in the capital goods sector, catering to a number of industries. The company is, therefore, a bellwether of the health of the capex demand in the economy. L&T's results and more importantly its management guidance and commentary are keenly awaited to get...

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