Motilal Oswal sees 15–20% upside in L&T and BEL amid strong sector tailwinds
India’s capital goods sector remains well-positioned, driven by a confluence of strong macro enablers and sector-specific catalysts. A robust order book across key verticals such as defence, power transmission & distribution (T&D), renewables, and infrastructure is supporting steady execution visibility. This, coupled with government policy support and easing commodity prices, has created a favourable backdrop…