Consumer durable, capital goods stocks outperform. Should you buy?

Thus far in CY17, the consumer durable and the capital goods indices have rallied 33% and 19%

BSE's Capital Goods and Consumer Durable indices hit their respective 52-week high levels on Wednesday. Since the outcome of the assembly polls in March 2017, both the indices have outperformed the market by surging more than 5%. By comparison, the S&P BSE Sensex was up 2% during this period.

Thus far in the calendar year 2017 (CY17), the consumer durable and the capital goods indices have rallied 33% and 19% respectively, as compared to 11% rally in the S&P BSE Sensex.

Among individual stocks, Bharat Heavy Electricals Limited (BHEL), BEML, Greaves Cotton and VA Tech Wabag from the capital goods