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Stocks of most capital goods companies are seen rangebound with a slight negative bias next week, as most are seen reporting weak Oct-Dec earnings. Investors are seen cherry-picking stocks of Crompton Greaves ahead of its results on Wednesday, as the company is seen posting a consolidated net profit of 818 mln rupees against a loss of 1.89 bln rupees year ago. Revenue is seen rising 12% year on year to 33.26 bln rupees. The electrical equipment maker had incurred a one-time loss of 2.28 bln rupees last year owing to the restructuring of its operations in Belgium. We expect improved performance in Belgium and Hungary to help reduce loss in subsidiaries quarter-on-quarter (729 mln rupees in Jul-Sep). In the domestic business after a weak Jul-Sep in consumer business (12%YoY), we expect consumer segment to bounce back to trend growth rate of 17-18%.
Stocks of most capital goods companies are seen rangebound with a slight negative bias next week, as most are seen reporting weak Oct-Dec earnings. Investors are seen cherry-picking stocks of Crompton Greaves ahead of its results on Wednesday, as the company is seen posting a consolidated net profit of 818 mln rupees against a loss of 1.89 bln rupees year ago. Revenue is seen rising 12% year on year to 33.26 bln rupees. The electrical equipment maker had incurred a one-time loss of 2.28 bln rupees last year owing to the restructuring of its operations in Belgium. We expect improved performance in Belgium and Hungary to help reduce loss in subsidiaries quarter-on-quarter (729 mln rupees in Jul-Sep). In the domestic business after a weak Jul-Sep in consumer business (12%YoY), we expect consumer segment to bounce back to trend growth rate of 17-18%.
