Capital Goods Sector Set for Breakout, Says PL Capital; Check Targets, Stop-Loss, and Technical Outlook
- 30th June 2025
- 02:59:00 PM
- 3 min read
Mumbai | June 30 – Prabhudas Lilladher (PL Capital) has recommended BUY ratings on three leading capital goods stocks listed on BSE and NSE, citing strong technical setups and potential upside as India’s industrial momentum gathers pace.
According to PL Capital’s latest thematic technical report, ABB India, Cummins India, and Siemens Ltd have shown clear breakout patterns on their daily charts, supported by positive trend reversals in the Relative Strength Index (RSI) and stability above key moving averages, indicating further upward potential.
- ABB India: Target ₹7,200
ABB India has indicated a clear breakout above its descending channel pattern at the ₹5,600 zone and has maintained strength above the important 50-EMA at ₹5,830, strengthening the ongoing trend. With the RSI indicating a positive trend reversal, PL Capital recommends buying and accumulating ABB India for a potential upside target of ₹7,200 (approximately 16.7% upside), while maintaining a stop-loss at ₹5,800 to manage risk.
- Cummins India: Target ₹4,000
After a consolidation period, Cummins India has shown a strong breakout above the descending channel pattern and 200-period moving average at the ₹3,250 zone, improving the technical bias. The RSI has turned positive, signaling regained strength for further upside. PL Capital advises buying and accumulating Cummins India for a target of ₹4,000 (approximately 17.05% upside) while maintaining a stop-loss at ₹3,100.
- Siemens Ltd: Target ₹4,300
Siemens Ltd has recovered strongly, forming a higher bottom formation on the daily chart, taking support near the 50-EMA at the ₹3,130 level. With RSI cooling from overbought levels and now positioned for a trend reversal, PL Capital sees potential for continued upward movement. The report recommends buying and accumulating Siemens for a target of ₹4,300 (approximately 31.7% upside), with a stop-loss at ₹2,900.
Why It Matters
India’s capital goods sector is poised to benefit from robust infrastructure spending and manufacturing expansion. The technical signals identified by PL Capital align with these macro trends, offering investors an opportunity to participate in India’s next leg of growth with a disciplined, technical approach.
Investors are advised to track volume confirmation, macro triggers such as capex announcements, and adhere to stop-loss discipline while taking exposure.
For detailed research, real-time updates, and portfolio-aligned advisory, visit www.plindia.com.
Disclaimer- This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors. PL Capital and any of its employees, directors, associates, group entities or affiliates does not provide guaranteed or assured or fixed retunes to any of its clients.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
