Capital Goods Stocks Outlook For The Week - 30.07.2018 To 03.08.2018
Stocks of capital goods companies are expected to rise next week due to positive comments by sector
heavyweights Larsen & Toubro Ltd and Bharat Heavy Electricals Ltd on a rise in orders in the sector. This week, stocks of major capital goods companies rose 2-610.8% and, while threw BSE Capital Goods index was up 3.8% on the back of robust earnings by BHEL and L&T for the quarter ended June. Receding concerns of a trade war are also likely to support stocks in the sector next week. Any movement in benchmark indices on account of the Reserve Bank of India's monetary policy statement on Wednesday may also impact the stocks. Most economists expect the central bank to raise the repo rate by 25 basis points.
Source : Cogencis Information Services Ltd.
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Stocks of capital goods companies are expected to rise next week due to positive comments by sector
heavyweights Larsen & Toubro Ltd and Bharat Heavy Electricals Ltd on a rise in orders in the sector. This week, stocks of major capital goods companies rose 2-610.8% and, while threw BSE Capital Goods index was up 3.8% on the back of robust earnings by BHEL and L&T for the quarter ended June. Receding concerns of a trade war are also likely to support stocks in the sector next week. Any movement in benchmark indices on account of the Reserve Bank of India's monetary policy statement on Wednesday may also impact the stocks. Most economists expect the central bank to raise the repo rate by 25 basis points.
Source : Cogencis Information Services Ltd.
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