Capital Goods Stocks Plunge 5% Amidst Chinese Bid Rumors, Market Uncertainty

• BHEL, ABB India, CG Power, and Hitachi Energy shares fell 3-5% today.
• The decline is linked to reports suggesting Chinese companies might bid for government contracts.
• No official government statement has confirmed the allowance of Chinese bids.
• Market experts indicate TBEA, a Chinese manufacturer, is approved for reactor bids from FY2027.
• Increased competition from Chinese firms could impact valuations of capital goods stocks.

Why It Matters: Capital goods stocks are falling due to unconfirmed reports of Chinese companies entering government bids.