Over the past twelve months, the BSE Capital Goods index clocked returns of 75 per cent against Sensex gain of 55 per cent. It was a gala time for frontline engineering companies, which outperformed the markets by huge margins: BHEL (84 per cent), L&T (73 per cent), Siemens (141 per cent) and ABB (82 per cent).
Analysts vouch for strong business momentum for these companies, but don