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Stocks of capital goods and engineering companies are seen mixed next week, with investors likely to cherry-pick those of Larsen & Toubro and Cummins India on account of their attractive valuations. L&T is likely to post good results, and is currently trading at a good valuation. The company has strong fundamentals and is largely seen meeting its order inflow guidance for the year. We are closer to the bottom and it is a good time to start accumulating. Investors are likely to remain wary of entering Crompton Greaves at current levels as there is lack of clarity on the order inflows and restructuring cost incurred by the company.
Stocks of capital goods and engineering companies are seen mixed next week, with investors likely to cherry-pick those of Larsen & Toubro and Cummins India on account of their attractive valuations. L&T is likely to post good results, and is currently trading at a good valuation. The company has strong fundamentals and is largely seen meeting its order inflow guidance for the year. We are closer to the bottom and it is a good time to start accumulating. Investors are likely to remain wary of entering Crompton Greaves at current levels as there is lack of clarity on the order inflows and restructuring cost incurred by the company.
