--- busybox-1.18.5/modutils/depmod.c
+++ busybox-1.18.5_depmod_patch/modutils/depmod.c
@@ -206,7 +206,7 @@
 			parse_module(*argv, /*sb (unused):*/ NULL, &modules, 0);
 		} while (*++argv);
 	} else {
-		recursive_action(".", ACTION_RECURSE,
+		recursive_action(".", ACTION_RECURSE | ACTION_FOLLOWLINKS,
 				 parse_module, NULL, &modules, 0);
 	}