Capital Goods Stocks Outlook for the week – 03 to 07.07.2017
Capital Goods Stocks Outlook for the week – 03 to 07.07.2017
( www.rupeedesk.in )
Stocks of most capital goods companies are likely to trade within a narrow range next week, as the
outlook on the sector continues to be grim amid lack of significant cues. The goods and services tax,
which comes into effect from midnight, is unlikely to impact stocks in the segment much, as
developments related to the new indirect tax regime have already been factored in. The GST council
has placed all capital and industrial goods under the 18% tax slab. Sector heavyweight Larsen & Toubro could positive move in the near term, as immediate sentiment on the stock is positive, after the company's construction arm bagged orders worth 25.52 bln rupees across business verticals. Stocks of Bharat Heavy Electricals are likely to see slight upside next week, following favourable reports by a recovery in orders is expected due to faster clearances and more replacement projects.
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Capital Goods Stocks Outlook for the week – 03 to 07.07.2017
( www.rupeedesk.in )
Stocks of most capital goods companies are likely to trade within a narrow range next week, as the
outlook on the sector continues to be grim amid lack of significant cues. The goods and services tax,
which comes into effect from midnight, is unlikely to impact stocks in the segment much, as
developments related to the new indirect tax regime have already been factored in. The GST council
has placed all capital and industrial goods under the 18% tax slab. Sector heavyweight Larsen & Toubro could positive move in the near term, as immediate sentiment on the stock is positive, after the company's construction arm bagged orders worth 25.52 bln rupees across business verticals. Stocks of Bharat Heavy Electricals are likely to see slight upside next week, following favourable reports by a recovery in orders is expected due to faster clearances and more replacement projects.
Source : Cogencis Information Services Ltd.
