Capital Goods Stocks Outlook For The Week - 12 To 16.11.2018
Shares of capital goods companies are seen trading in a narrow range next week. However,
individual stocks such as those of Larsen & Toubro Ltd may rise on the back of order wins. In the medium to long term, companies in the sector including L&T, Engineers India Ltd, Siemens Ltd and Thermax Ltd are expected to benefit from rising capital expenditure seen in the core industries such as oil and gas, steel and cement. Public sector undertakings in the oil and gas sector are expected to create a number of large orders for companies in the capital goods sector as they look at capacity expansion of its refineries. Similarly, capacity expansion by cement and steel companies is also expected to create opportunities for the sector. In the broader market, benchmark indices are likely to rise next week as crude oil prices globally are likely to continue falling.
Source : Cogencis Information Services Ltd.
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Shares of capital goods companies are seen trading in a narrow range next week. However,
individual stocks such as those of Larsen & Toubro Ltd may rise on the back of order wins. In the medium to long term, companies in the sector including L&T, Engineers India Ltd, Siemens Ltd and Thermax Ltd are expected to benefit from rising capital expenditure seen in the core industries such as oil and gas, steel and cement. Public sector undertakings in the oil and gas sector are expected to create a number of large orders for companies in the capital goods sector as they look at capacity expansion of its refineries. Similarly, capacity expansion by cement and steel companies is also expected to create opportunities for the sector. In the broader market, benchmark indices are likely to rise next week as crude oil prices globally are likely to continue falling.
Source : Cogencis Information Services Ltd.
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