Capital Goods Stocks Outlook For The Week - 29.10.2018 To 02.11.2018
Stocks of most companies in the capital goods sector are expected to fall next week after
disappointing results so far. A slowdown in order inflow hit capital goods companies in Jul-Sep.
However, one of the sector heavyweights Bharat Heavy Electricals Ltd has said it expects order
inflow from the thermal power sector to rise in the coming few months. We will also eye guidance from Larsen & Toubro Ltd on order inflow and investment in the sector. The sector bellweather will declare its result on Wednesday. Cues from the broader equity market are also unlikely to aid the sector. Benchmark equity indices are expected to track global markets that have been under pressure because of trade wars and geopolitical tensions in West Asia.
Source : Cogencis Information Services Ltd.
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Stocks of most companies in the capital goods sector are expected to fall next week after
disappointing results so far. A slowdown in order inflow hit capital goods companies in Jul-Sep.
However, one of the sector heavyweights Bharat Heavy Electricals Ltd has said it expects order
inflow from the thermal power sector to rise in the coming few months. We will also eye guidance from Larsen & Toubro Ltd on order inflow and investment in the sector. The sector bellweather will declare its result on Wednesday. Cues from the broader equity market are also unlikely to aid the sector. Benchmark equity indices are expected to track global markets that have been under pressure because of trade wars and geopolitical tensions in West Asia.
Source : Cogencis Information Services Ltd.
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