According to reports from Yes Securities, core capital goods companies including ABB and Siemens are expected to report over 10% sales growth in Q1 FY27, adjusted for divestments. The brokerage attributes this growth to continued execution of order books, relatively easy comparisons, and sustained high demand from data centers amidst ongoing geopolitical tensions. The firm expects broadly stable margins supported by operating leverage during the quarter.
As reported by Yes Securities, the brokerage has made selective adjustments to target prices for key capital goods companies. Siemens' target price has been reduced to ₹3,250 from the earlier ₹3,300, while GV T&D's target price has been raised to ₹3,850 from ₹3,700. Additionally, ABB's target price has been increased to ₹5,000 from ₹4,950. The brokerage has reiterated its target prices for VA Tech Wabag at ₹2,090 and Jyoti CNC at ₹1,075.
According to the Yes Securities report, these companies are positioned to benefit from the sustained demand environment in the capital goods sector. The brokerage's revised target prices reflect expectations of continued strong performance in the quarter, with ABB and Siemens leading the growth trajectory among the capital goods companies under coverage. ABB operates through Electrification, Motion, and Automation segments, serving customers across utilities, industry, transport, and infrastructure sectors in Europe, Americas, Asia, Middle East, and Africa.
