Capex Cycle Is Expected To Improve In The Second Half Of This Fiscal: Elara Capital | CNBC TV18

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The Capex Picture | 'Capex cycle is expected to improve in the second half of this fiscal along with pick up in tendering activity', says Harshit Kapadia of Elara Capital. He tells Prashant Nair, Surabhi Upadhyay and Nigel D'Souza that Hitachi Energy & GE T&D can be good plays on expected increase in HVAC orders. Adds, they like HAL, BEL & Bharat Dynamics in Defence space.

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