IIP data bring good news for capital goods

Capital goods and mining sectors shares such as Bharat Electronics, BHEL, L&T, Siemens, Crompton Greaves, Vedanta, Tata Steel and SAIL will remain in focus after the IIP data. According to index of Industrial Production, capital goods sector grew at a healthy 21.8 per cent against a contraction of 10 per cent year-on-year in August. Similarly, the mining sector growth was at 3.8 per cent in August against 1.2 per cent in last year August.