India, June 13 -- India's engineering and capital goods sector is going through a phase of selective growth. Power transmission companies are riding a strong wave of orders and execution, but a full recovery in private sector capital expenditure is still taking shape. Against this backdrop, one brokerage has identified where the real opportunity lies.

Nuvama Picks CG Power and Thermax as Top Bets in Engineering Space Brokerage firm Nuvama has released a sector review of India's engineering and capital goods space, and its top picks are CG Power and Thermax. For CG Power, the brokerage sees multiple growth levers working at the same time. These include expansion in Gas Insulated Switchgear (GIS) equipment, a growing export order pipeline...