Capital Goods Stocks Outlook for the week – 18 to 22.08.2014
( www.rupeedesk.in )
( www.rupeedesk.in )
Stocks of most capital goods companies are seen trading firm
next week, due to the price
correction that followed a weak earnings season and
industrial production data.
Moreover, the government's reaffirmation of supporting
infrastructure growth is expected
to further boost investor sentiment for the sector.
Larsen & Toubro, Voltas and Bharat Heavy Electrical are
expected to be major gainers of
the positive sentiment. Stocks of Bharat Heavy Electricals
are also expected to see some
positive movement next week after the stock saw some
correction in price following
weak Apr-Jun results. BHEL has corrected after the numbers
(Apr-Jun results) and IIP and is near its support level so a bounce back is possible.
