Capital Goods
Stocks Outlook for the week – 11 to 14.08.2014
( www.rupeedesk.in )
Stocks of capital goods companies
are next week seen tracking the wider market, which
is seen weak due to global
developments in West Asia and Russia. However, they may
see some reversal in sentiment
mid-week on value buying. While the market is bullish on
infrastructure and capital goods
companies in the long run, there might be some
correction.
Investors will eye Apr-Jun
earnings of engineering major Siemens and Voltas that will be
detailed on Wednesday. The Indian
arm of Germany's Siemens AG is seen posting a net
profit of 1.04 bln rupees against
a loss of 488 mln rupees year ago. Net sales are seen at
27.72 bln rupees, up 7% on year.
Larsen & Toubro is also seen
weak in the short term. First support for its shares is seen at 1,420 rupees while strong support
is seen at 1,380 rupees.
