Capital Goods Stocks
Outlook for the week – 29.08.2016 to 02.09.2016
(Seen to trade in
range, bias negative)
Stocks of capital goods companies are expected to trade in a
range with a negative bias
next week in the absence of major triggers and a weak
outlook for the sector in the nearterm.
Sector bellwether Larsen & Toubro may see some upside in
the coming week,
following Group Executive Chairman A. M. Naik's comments
that the company has set
a sales target of 2 trln rupees by 2021 without compromising
on margins. Stocks of
Crompton Greaves are likely to trade sideways with the
business not picking up much
in the recent times.
