Capital Goods Stocks
Outlook for the week – 10 to 14.11.2014
( www.rupeedesk.in )
Stocks of most capital goods
companies are seen trading Range-bound with a with
negative bias next week, largely
driven by the sector bellwether Larsen & Toubro's
commentary that an actual turnaround
in the infrastructure and capital goods is still
some distance away.
The company management today gave a
lower cap for its revenue guidance for 2014-
15 (Apr-Mar) but maintained its order
inflow guidance of 20% growth. The company,
which had earlier pegged 2014-15
revenue guidance at 15%, today said that its top-line may grow between 10% and 15% this
fiscal. The L&T management also said that while the sentiment has turned positive, a
reflection of the same is yet to seen on ground.
Post market hours yesterday, the
company reported Jul-Sep standalone net profit of 10.42 bln rupees, up 20.5% on-year
and net sales of 127.17 bln rupees, up 3.32% onyear. Among other companies in the sector, investors
will be eyeing shares of state-owned Bharat Heavy Electricals that will
report its Jul-Sep earnings on Nov 14.
