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Informist, Friday, Apr. 2, 2026

 

MUMBAI – Shares of capital goods companies are likely to fall next week if the war in West Asia continues to push crude oil and commodity prices higher. Raw material prices, such as steel and aluminium, have risen since the war started and this might hit margins of capital goods companies in the coming quarters, analysts said.

 

There is a risk that capital expenditure may slow as the government shifts focus to support sectors hit by the US-Iran war. "High crude prices to adversely impact GoI's (Government of India's) fiscal deficit via lower dividend receipts, tax collections, and increased subsidy burden," ICRA said in a report on Wednesday. In addition to risks to public capital expenditure, the nascent recovery in private capital expenditure may also slow due to the war, the rating agency said.

 

The government's capital expenditure has slowed down after seeing 40% year-on-year rise in the first half of the financial year. In the first 11 months of this financial year, the government's capital expenditure was INR 9.29 trillion, up 14% on year.

 

Shares of defence companies may fall in the near term due to disruptions because of the US-Iran war. "The ongoing Iran–Israel conflict adds uncertainty, particularly on the supply chain front with potential disruptions in key routes like the Strait of Hormuz, rising energy prices, and shortages of critical inputs impacting global defence manufacturing," Nirmal Bang Equities said in a report. "This is already translating into delays in component supplies and higher input costs... While geopolitics remains a long-term positive for defence spending, the near-term impact is mixed, with execution risks and cost pressures weighing on earnings visibility."

 

Shares of road infrastructure companies may face selling pressure as order inflows have stayed weak. Nuvama Institutional Equities said the National Highways Authority of India gave orders for 1,632 km of road projects in March, down 20% on year.

 

TOP HEADLINES

 

* IPO Alert: Sadbhav Futuretech files DRHP with SEBI for fresh issue, OFS
* Coal India arm, JV sign land lease pact for coal-to-chemicals project
* IPO Alert: Adroit Industries files DRHP for fresh issue of 9.9 mln shares
* Elgi Equipments revises capacity expansion timeline due to regulatory delays
* EID Parry shuts Kakinada sugar refinery of arm Parry Sugars on higher costs
* IPO Alert:Pioneer Fil-Med files DRHP to raise INR 5 bln via fresh issue, OFS
* IPO Alert: Monomark Engg files DRHP for fresh issue of 27 mln shares
* BHEL gets thermal power project worth over INR 135 bln from NTPC
* Titagarh Rail bags INR-2.3-bln order to supply 720 wagons to JSW Port
* KNR Constructions wins NHAI project worth INR 17.3 bln in Telangana
* Thermax arm bags order worth INR 16 bln from Anuppur Powerprojects
* Titagarh Rail to offload stake in dormant arm Titagarh Singapore
* ICRA upgrades PTC Industries' long-term fund-based rating to 'A' from 'A-'
 

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

 

Company	Price	Week-on-week change in %	Resistance	Support
Bharat Heavy Electricals	248.11	(-)2.60	254.5	237.7
CG Power and Industrial Solutions	680.05	1.8	700.6	645.3
Larsen & Toubro	3613.10	1.4	3729.7	3411.7
Siemens	3026.60	(-)0.70	3131.5	2853.5
Thermax	3295.70	3.1	3409.5	3151.7
Bharat Electronics	421.60	4.2	433.7	401.5
Index	Levels
S&P BSE Capital Goods	66360.28	1.00	67953.7	63588.4
Nifty 50	22713.10	(-)0.50	23159.1	21959.6
S&P BSE Sensex	73319.55	(-)0.40	74834	70788.6

 

End

 

Reported by Anshul Choudhary

Edited by Saji George Titus

 

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