Capital Goods stocks Outlook for the week – 13 to 17.04.2015
( www.rupeedesk.in )
Stocks
of capital goods companies are seen trading up next week on the back of
favourable industrial production data released yesterday after market hours.
Industrial production grew 5.0% in February compared with a fall of 2.0% a year
ago, while the capital goods sector grew 8.8% against a 17.6% fall a year ago,
according to data from Central Statistics Office.
While
the impact of industrial production data will be seen on Monday, inflation data
to be released next week will also affect the stocks of capital goods
companies.
Stocks
of transmission and distribution infrastructure maker KEC International may see
some profit booking at the present level. KEC International may see some profit
booking in the next week. Shares of state-owned Bharat Heavy Electricals, which
reported dismal 2014-2015 (Apr-Mar) provisional results on Apr 6, are seen
recovering next week.
Another
stock that has been in focus this week was Crompton Greaves. Reports have
indicated that the company's consumer goods business, which is proposed to be
demerged, has received interest from some private equity player. Any further
news on this development may have a positive impact on the shares of the
company.
