Capital Goods Stocks Outlook For The Week - 18.06.2018 To 22.06.2018
Stocks of major capital goods companies are trading in a narrow range with a negative bias next week. Bharat Heavy Electrical Ltd's stock is on a downtrend and there is no expectation of an uptick in the near future. While 2017-18 (Apr-Mar) has been relatively better for BHEL in terms of execution and order flows, going forward, order inflows are likely to remain flattish. On the other hand, improved order execution scenario in a pre-election year is likely to see a 12% increase in Larsen & Toubro Ltd's core business.
Source : Cogencis Information Services Ltd.
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Stocks of major capital goods companies are trading in a narrow range with a negative bias next week. Bharat Heavy Electrical Ltd's stock is on a downtrend and there is no expectation of an uptick in the near future. While 2017-18 (Apr-Mar) has been relatively better for BHEL in terms of execution and order flows, going forward, order inflows are likely to remain flattish. On the other hand, improved order execution scenario in a pre-election year is likely to see a 12% increase in Larsen & Toubro Ltd's core business.
Source : Cogencis Information Services Ltd.
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