Capital Goods Stocks Outlook for the week - 04 to 08.08.2014
( www.rupeedesk.in )
( www.rupeedesk.in )
Stocks of capital goods companies
are seen range bound with a negative bias next week,
as the mixed earnings season is
likely to trigger profit booking.Investors will be eyeing
results of electrical equipment
maker Crompton Greaves on Tuesday.
Despite seeing some improvement
in margins across companies in the sector, most
management officials are seeing
order visibility improving only after October.While
infrastructure companies are seen
as first beneficiaries of the reforms initiated by the
government, the capital goods
sector may see orders returning only after a few more
quarters.
Capital Goods companies, especially
those that are dominant in boiler-turbine-generator business, will take even
longer to see revival in order inflow.
