www.rupeedesk.in
Stocks of most capital goods and engineering companies are seen range-bound next week due to absence of any major triggers. Stocks of sector bellwether Larsen & Toubro could see marginal gains, as investors remain confident of the company meeting its order inflow guidance for 2012-13 (Apr-Mar). Compared with others in the sector, L&T has good order visibility at present. The company is getting international orders, and those mitigate the impact of the sluggish domestic order inflow.
Transmission and distribution equipment maker KEC International, which will detail its Jan-March earnings on Wednesday, is likely to take a hit in terms of operating margin. The stock of orders from new business areas such as cables, telecom and water treatment is rising, and this is affecting the RPG group company's overall margin. Stocks of diesel-powered generator maker Cummins India are unlikely to see any major gains, as investors expect its Jan-Mar earnings to be mellowed.
