Capital Goods Stocks Outlook for the week – 08 to 12.05.2017
Capital Goods Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
The shares of capital goods companies are likely to trade with a negative bias next week in the absence of key triggers, with order inflows continuing to be muted for major companies in the sector. Shares of most companies in the segment, barring Siemens, lost 1-1.6% this week, while the BSE Capital Goods Index lost 1.0%. Order inflow status of capital goods companies has been quite dull since the beginning of the financial year (April) Jan-Mar earnings is the next significant trigger. The shares of sector bellwether Larsen & Toubro are expected to be range-bound in the coming week. The Bharat Heavy Electricals stock is likely to fall to 160 rupees next week, as sentiment for the stock remains grim in the near term. Market participants will track Siemens, as the company will detail its earnings for the March quarter on Wednesday
Source : Cogencis Information Services Ltd.
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Capital Goods Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
The shares of capital goods companies are likely to trade with a negative bias next week in the absence of key triggers, with order inflows continuing to be muted for major companies in the sector. Shares of most companies in the segment, barring Siemens, lost 1-1.6% this week, while the BSE Capital Goods Index lost 1.0%. Order inflow status of capital goods companies has been quite dull since the beginning of the financial year (April) Jan-Mar earnings is the next significant trigger. The shares of sector bellwether Larsen & Toubro are expected to be range-bound in the coming week. The Bharat Heavy Electricals stock is likely to fall to 160 rupees next week, as sentiment for the stock remains grim in the near term. Market participants will track Siemens, as the company will detail its earnings for the March quarter on Wednesday
Source : Cogencis Information Services Ltd.
