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Informist, Friday, Feb. 13, 2026

NEW DELHI – Shares of capital goods companies are likely to move in a range next week as the December quarter results have been weaker than expected, but hopes of higher spending by the government and private players may limit any fall. High stock valuations are likely to limit any gains for capital goods stocks.

For the December quarter, 15 capital goods companies in the Nifty 200 index reported a year-on-year rise of 12% in their cumulative net profit, lower than analysts' expectations of 35% growth. Sales of the same batch of companies was up 16%, slightly slower than expectations of a rise of 18%.

Analysts are positive about the increase in capital expenditure by the government in the Budget for 2026-27 (Apr-Mar). The Budget has pegged the FY27 capital expenditure at INR 12.21 trillion, up 11.5% from the revised estimate of INR 10.96 trillion for FY26.

The capex is 3.1% of GDP, which is positive as there were some concerns that the government may bring it down to 3% of GDP or even lower. However, the government chose instead to slow the pace of fiscal consolidation with the fiscal deficit in FY27 seen at 4.3% of GDP as compared with the estimated 4.4% in FY26.

TOP HEADLINES

* Titagarh Rail postpones Q3 earnings announcement to Friday from Thursday
* EID Parry Oct-Dec consol PAT rises 19% YoY to INR 2.32 billion
* Inox India Oct-Dec consol net profit rises 4% on year to INR 606.96 million
* NCLT approves Adani Infra's acquisition of Punj Lloyd as going concern
* Engineers India Oct-Dec net profit up over threefold on year at INR 3.02 bln
* Praj Ind posts INR 124 mln consol loss in Oct-Dec vs INR 411 mln PAT yr ago
* Earnings Outlook: ABB India Oct-Dec PAT likely to fall in double-digit
* Govt to exercise 2% greenshoe option in BHEL OFS, says divestment secy
* Kirloskar Oil Engines Oct-Dec consol PAT surges 56% YoY to INR 1.11 billion
* IRCON International Oct-Dec PAT falls 35% on year as sales decline 20%
* Elgi Equipments Oct-Dec consol PAT rises 18.1% YoY to INR 952 million
* OP Mobility lowers claim against Varroc Engg, arm to $25.4 mln from $66.4 mln
* BHEL gets order of around INR 28 bln from JV Bharat Coal Gasification
* Analyst Concall: Samvardhana Motherson FY26 capex seen at INR 60 bln
* Govt to sell up to 5% stake in BHEL via OFS Wed, Thu, says divestment secy
* Power Mech Oct-Dec consol PAT rises 15% YoY to INR 939.9 million
* Govt allows Titagarh Rail to own railway wagons, lease wagons to Railways
* Earnings Review: Samvardhana Motherson Q3 PAT rises 16% YoY after 4-qtr fall
* L&T transport infra ops gets 'significant' order to develop roads in Dubai
* Isgec Heavy Engg Oct-Dec consol PAT up over 3 times YoY at INR 697.8 million
* Texmaco Rail Oct-Dec PAT falls 17.8% YoY as sales fall 4.2%
* Earnings Outlook: Auto output growth to boost Samvardhana Motherson Q3 print
* BEML to invest INR 15 bln on greenfield rail mfg facility in Madhya Pradesh
* ED attaches Reliance Infra's INR-15.75-bln assets in money laundering case
* Earnings Review: Siemens consol Q3 PAT falls sharply as expenses rise
* Ashok Buildcon's Saudi Arabia arm wins bid for JV project
* Electrosteel Castings posts INR 218.84-mln consol loss Oct-Dec vs PAT yr ago
* BEML posts INR 227 million loss in Oct-Dec vs PAT year ago

Following are the resistance and support levels for key capital goods stocks for next week as per calculations based on their prices on the National Stock Exchange:

End

Reported by Anshul Choudhary

Edited by Ashish Shirke

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