<ul><li>Motilal Oswal maintains its preference for L&T, ABB, and Cummins in the large-cap industrial space and Bharat Electronics in the defense space.</li><li>Motilal Oswal believes that valuation re-rating for the sector is still some time away and will be driven only after a meaningful outperformance of capex, order inflows, and margins.</li><li>The brokerage prefer players that have a well-balanced revenue mix, control over margins, and the ability to maintain or improve their growth profile going forward.</li><li>Motilal Oswal maintains its preference for L&T, ABB, and Cummins in the large-cap industrial space.</li></ul>

Capital Goods Q4 Results Preview: Awaiting A Broad-Based Activity Revival — Motilal Oswal

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