Capital Goods Sector Weekly Report - 06.11.2017 To 10.11.2017
Capital Goods Sector Weekly Report - 06.11.2017 To 10.11.2017
Stocks of capital goods companies are expected to witness correction in the coming week, as speculative traders may book profits after the sharp rise over the last few weeks. September IIP Data is to be released on November 10 next week. There could be some stock-specific action next week, especially for Larsen & Toubro Ltd and Bharat Heavy Electricals, as these companies are slated to announce their earnings for Jul-Sep next week.
Shares of BHEL could see some upside next week, as we expect the company to announce strong Jul-Sep earnings on Tuesday. The company's guidance will also be in focus. We will also watch out for Siemens' earnings for the September quarter. We expect the company to report a net profit of 2.29 bln rupees during the quarter on net sales of 34.84 bln rupees.
Source : Cogencis Information Services Ltd.
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Capital Goods Sector Weekly Report - 06.11.2017 To 10.11.2017
Stocks of capital goods companies are expected to witness correction in the coming week, as speculative traders may book profits after the sharp rise over the last few weeks. September IIP Data is to be released on November 10 next week. There could be some stock-specific action next week, especially for Larsen & Toubro Ltd and Bharat Heavy Electricals, as these companies are slated to announce their earnings for Jul-Sep next week.
Shares of BHEL could see some upside next week, as we expect the company to announce strong Jul-Sep earnings on Tuesday. The company's guidance will also be in focus. We will also watch out for Siemens' earnings for the September quarter. We expect the company to report a net profit of 2.29 bln rupees during the quarter on net sales of 34.84 bln rupees.
Source : Cogencis Information Services Ltd.
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