HSBC has maintained its 'Hold' rating for Siemens India but lowered the target price to ₹3,230 due to potential margin compression from reduced order inflows and potential disruptions in the Middle East, which could persist until FY27.

Motilal Oswal has positive sentiments towards L&T, Cummins, and Siemens Energy within the capital goods sector, with BEL showing strength in defense. The sector's resilience amid geopolitical tensions is attributed to robust order books and favorable growth trends, causing optimism.