Stocks of most capital goods
companies are seen range bound next week with the focus
shifting from budget and government
reforms to the forthcoming earnings season. Next
week, two major mid-cap capital goods
companies--Thermax and Suzlon Energy--are
scheduled to announce their Apr-Jun
numbers. Energy and environment equipment
maker Thermax is seen posting Apr-Jan
net profit of 571 mln rupees, up 14% on year
and net sales of 9.40 bln rupees, up
10%.
The sales growth in Apr-Jun is
largely seen owing to execution of one large 17-bln-rupee
order from Reliance Industries in
Apr-Jun last year. However, investors are still
concerned about order visibility of
the company in near to medium term and will be
keenly eyeing management commentary
on the same.
Wind turbine maker Suzlon Energy,
which has been under stress for more than eight
consecutive quarters, will be
announcing its results next Friday. Meanwhile, stocks of
electrical equipment and consumer
goods maker Crompton Greaves are also seen
extending gains as investors are
likely to continue building positions in the stock
following the company's announcement
of demerging its consumer goods vertical into a
new listed company.
