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Capital Goods Stocks Outlook For The Week - 15 To 19.10.2018

Capital Goods Stocks Outlook For The Week - 15 To 19.10.2018

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             Equity Cash/Futures/Options Segment 

Stocks of capital goods companies are likely to rise next week, after data released yesterday showed output in the sector expanded in August. Output of capital goods, considered a proxy for investment and consumer demand in the economy, rose 5% in August, against 7.3% a year ago, according to data released by the Central Statistics Office post market hours yesterday. In July this year, the sector had expanded 2.8%. This week, stocks of major capital goods companies rose 0.5- 12.9% on account of order wins. In the near term, shares of engineering major Larsen & Toubro Ltd are expected to rise on the back of robust order inflows.

Source : Cogencis Information Services Ltd.

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