The Hindu Business Line : Alstom charges up investors' fancy

Investors betting on the engineering sector are turning their attention to Alstom Projects India Ltd (APIL), analysts said. According to them, strong momentum in order intake on projects business and margin improvements coupled with better pricing power in the engineering and capital goods sector make APIL an attractive investment. Though ABB, Siemens and BHEL were the most fancied stocks in this sector, APIL has outperformed the other three in terms of stock appreciation over the last one-month. APIL rose by 47.32 per cent from February 8 against ABB's 20.17 per cent, BHEL's 13.78 per cent and Siemens' 27.6 per cent. On Thursday, the shares closed at Rs 423.55Over 10.19 lakh shares were traded on the BSE while on the NSE, 11.68 lakh shares changed hands.

Rajesh Abraham

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