From Financialexpress · Rajas Kelkar · · 1m 10s
Engineering stocks drop as AI trade worries
AI trade jitters hit Indian engineering stocks.
In brief
AI trade jitters hit Indian engineering stocks. Indian engineering stocks fell 8-18% amid AI trade concerns, margin squeezes, and stretched valuations. Originally reported by Financialexpress.
Engineering stocks face pressure
Indian engineering stocks face pressure amid market rally due to stretched valuations, margin squeeze, and cautious sentiment on AI trade.
PI Industries reports margin drop
PI Industries, a player in chemical engineering and custom synthesis, reported a 15 percentage point decline in its profit margin during the quarter amid pricing pressure.
Cummins India shares fall sharply
Cummins India’s shares plunged 14% on Thursday following the quarterly results announcement.
Thermax reports profit decline
Thermax reported a 5% decline in net profit for the quarter ended September 2026, citing higher input costs and impairments related to renewable energy projects.
Bharat Forge cites input costs
Bharat Forge told analysts during its earnings call that profitability had been affected by rising freight, energy and other input costs, which the company was passing on to customers with a lag.
AI trade skepticism grows
Aashish Somaiyaa, equity partner at White Oak Capital, attributed the sell-off to growing scepticism around the AI trade.
Here's the gist
Indian engineering stocks fell 8-18% amid AI trade concerns, margin squeezes, and stretched valuations.
