Bearish On Capital Goods Space: Dhananjay Sinha
  • Elizabeth George
  • Oct 07 2013

October 7: “It will be quite some time before the investment cycle picks up,” says Dhananjay Sinha of Emkay Global Financial Services. The sales growth is tepid so there is little incentive for companies to expand, he says. We like L&T but are not optimistic on BHEL as the company’s balance sheets will need to be deleveraged in the coming years, he adds.