Capital goods index hits new peak in weak market; L&T, Timken at new highs

Thermax rallied 12 per cent to Rs 1,503 after it reported 183 per cent year-on-year jump in its consolidated profit after tax

Shares of engineering, capital goods and infrastructure companies were in focus on Thursday with the S&P BSE Capital Goods index hitting a new high in an otherwise weak market on expectation of improved outlook.

Larsen & Toubro (L&T), Grindwell Norton and Timken, for instance, hit their respective record highs on the BSE in the intra-day trade today.

Further, Thermax rallied 12 per cent to Rs 1,503 after the company reported 183 per cent year-on-year (YoY) jump in its consolidated profit after tax (PAT) at Rs 88 crore for the quarter ended September 2021 (Q2FY22). The stock had hit