Capital Goods Stocks Outlook For The Week - 09 to 13.10.2017
Capital Goods Stocks Outlook For The Week - 09 to 13.10.2017
( www.rupeedesk.in )
Stocks of major capital goods companies are seen consolidating next week after correcting over the past few weeks. However, stocks of Larsen & Toubro Ltd can see positive movement continue next week after the company announced that has acquired the remaining stake in its joint venture L&T
Cassidian. L&T has reported year-on-year growth in orders even when the markets have shown a slowdown. The company also announced its plans to Seen up on demand up tick, price hikes
divest its road and power projects to focus on core operations, which will help maintain long-term positive outlook of the industry behemoth. Stocks of most capital goods companies are expected to consolidate next week with markets awaiting announcements of corporate earnings for Jul-Sep. Government spending in the thermal power sector is also expected to increase after the launch of the government's power-for-all scheme 'Saubhagya' which is expected to help review the order books of the thermal power manufacturers. Capital goods companies are also facing delays in approvals for projects due to which firms are reviewing their order execution deadlines.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
Stocks of major capital goods companies are seen consolidating next week after correcting over the past few weeks. However, stocks of Larsen & Toubro Ltd can see positive movement continue next week after the company announced that has acquired the remaining stake in its joint venture L&T
Cassidian. L&T has reported year-on-year growth in orders even when the markets have shown a slowdown. The company also announced its plans to Seen up on demand up tick, price hikes
divest its road and power projects to focus on core operations, which will help maintain long-term positive outlook of the industry behemoth. Stocks of most capital goods companies are expected to consolidate next week with markets awaiting announcements of corporate earnings for Jul-Sep. Government spending in the thermal power sector is also expected to increase after the launch of the government's power-for-all scheme 'Saubhagya' which is expected to help review the order books of the thermal power manufacturers. Capital goods companies are also facing delays in approvals for projects due to which firms are reviewing their order execution deadlines.
Adaniports - Up
L&T - Up
Bhel - Up
ABB - Down
Bhel - Up
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Source : Cogencis Information Services Ltd.
