The CV cycle will remain in a gradual recovery phase through 2HFY26
Although prices have bounced back from lows it is unlikely that they will go so high that companies can clock huge profit margins
As per calculations by RBI researchers, India’s spare capacity had declined to a 10-quarter low of 11.3 percent in Q4FY24 compared with 11.7 percent in the previous quarter
Firms reporting optimal capacity utilisation jumped to 98 percent, the survey found.
Stocks that are a play on the capex cycle, like capital goods for one, have done well in the recent stock market rally as investors are betting that private sector investments are set to take off