Capital Goods Stocks Outlook for the week - 05 to 09.May.2014
Stocks
of most capital goods companies are seen range bound with a positive bias next
week
as investors are seen taking long positions in stocks of Larsen & Toubro,
Bharat
Heavy
Electricals and Siemens.
Investors
will be eyeing Jan-Mar earnings of power and automation technologies
provider
ABB India. The company, which will detail its earnings on Sunday, is expected
positive
growth. Investors will be keenly awaiting management commentary on order
inflow
and order book of the company. Revenue growth (is) likely to be muted due to
low
intake in last few quarters.
Stocks
of cooling product makers such as Voltas, BlueStar, Symphony are also seen up
as
rising
temperatures across the country and likelihood of extended summers are seen
boosting
demand. Investors are also seen taking positions in consumer goods companies
owing
to the robust demand for cooling products and fans.
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