Capital Goods Stocks Outlook for the week - 28.11.2016 to 02.12.2016
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The shares of capital goods companies are likely to correct further in the forthcoming
week, in line with the tepid trend in the wider market and due to the absence of any
significant triggers.
The Decent Jul-Sep earnings of engineering behemoth Larsen and Toubro and Siemens
failed to lift sentiment for the sector amid the grim broader scenario. Earlier this week,
sector bellwether L&T reported a modest 8.5% on-year rise in consolidated net sales for
the September quarter to 249.24 bln rupees, as sales in the infrastructure segment grew a
mere 3.7% to 115.97 bln rupees.
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