Capital Good Stocks Outlook for the week – 17 to 21.07.2017
Capital Good Stocks Outlook for the week – 17 to 21.07.2017
( www.rupeedesk.in )
Stocks of most capital goods companies, barring Larsen & Toubro, are seen trading lower next week due to weak outlook for most companies in the sector. Dismal capital goods output data has dampened the sentiment. Capital goods output, considered as proxy for investment and consumption demand in the economy, contracted 3.9% in May compared with 2.9% a month ago. It had expanded to 13.9% a year ago. Stock of Bharat Heavy Electricals, though seen weak in the near term, may see some gains in a month, due to bullish indications on technical charts. Down side expected in stock price of Cummins India in the short term as weak sales and high input costs could impact its bottomline in Apr-Jun.
Source : Cogencis Information Services Ltd.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Capital Good Stocks Outlook for the week – 17 to 21.07.2017
( www.rupeedesk.in )
Stocks of most capital goods companies, barring Larsen & Toubro, are seen trading lower next week due to weak outlook for most companies in the sector. Dismal capital goods output data has dampened the sentiment. Capital goods output, considered as proxy for investment and consumption demand in the economy, contracted 3.9% in May compared with 2.9% a month ago. It had expanded to 13.9% a year ago. Stock of Bharat Heavy Electricals, though seen weak in the near term, may see some gains in a month, due to bullish indications on technical charts. Down side expected in stock price of Cummins India in the short term as weak sales and high input costs could impact its bottomline in Apr-Jun.
Source : Cogencis Information Services Ltd.
