S. G. Stocks Are Plunge Up to 12% On Weak Market. Des: Shares of BHEL, ABB India and some capital goods companies have fallen by up to 12% amid increasing risks in the market due to demand slowdown, project delays and economic uncertainties.
Shares of BHEL and ABB India and other stocks in capital goods suffered a significant drop [date in the source], as they experienced stock price declines up to 12%, which is indicative of more investor worries on the backdrop of more general market volatility. Bharat Heavy Electricals Limited (BHEL), one of India’s big engineering and manufacturing companies in the power industry, saw its shares suffer a big drop, pressured by weak demand outlooks and cautious investor sentiment.
Shares for ABB India, an automation and electrification solutions group, also took a large plunge as investors re-evaluated growth prospects amid the market’s woes. Capital goods, a section of the economy marked by cyclicalities and infrastructure advances, buckled from a head set on: subdued order inflows, government projects’ delays and global economic uncertainties.
Analysts are suggesting these and higher input costs and tightening liquidity have hurt the sector. Market analysts advise investors to take care in the near term and closely watch policy papers and changes in sectoral activity that could affect the recovery path of the capital goods names. That sharp correction reinforces the need for the industry companies to build and enhance their order books, along with the need to adapt to market realities in order to regain investor cred in the face of the ongoing crisis.
