Capital Goods Stocks Outlook For The Week - 03 to 07.12.2018
Stocks of major capital goods companies are likely to be stock-specific next week. The stocks may
also track the broader market, after the released of data on India's GDP growth in Jul-Sep. Larsen
& Toubro's share price may see a small dip after a rise of 1.6% this week, while the Bharat Heavy
Electricals stock, which has risen 3% this week, is likely to consolidate. L&T's order growth is likely to be strong in 2018-19 (Apr-Mar), driven by the government's expenditure on infrastructure in a pre-election year. BHEL's robust executable orders and strategy to diversify orders to the non-coal business, and technology collaborations for emission control systems gives reasonable revenue visibility. Broader markets are likely to take cues from a number of data points released post market hours yesterday. The data showed India's GDP growth slumped to 7.1% in Jul-Sep, the lowest growth in three quarters, after nine-quarter high growth of 8.2% in Apr-Jun.
Source : Cogencis Information Services Ltd.
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Stocks of major capital goods companies are likely to be stock-specific next week. The stocks may
also track the broader market, after the released of data on India's GDP growth in Jul-Sep. Larsen
& Toubro's share price may see a small dip after a rise of 1.6% this week, while the Bharat Heavy
Electricals stock, which has risen 3% this week, is likely to consolidate. L&T's order growth is likely to be strong in 2018-19 (Apr-Mar), driven by the government's expenditure on infrastructure in a pre-election year. BHEL's robust executable orders and strategy to diversify orders to the non-coal business, and technology collaborations for emission control systems gives reasonable revenue visibility. Broader markets are likely to take cues from a number of data points released post market hours yesterday. The data showed India's GDP growth slumped to 7.1% in Jul-Sep, the lowest growth in three quarters, after nine-quarter high growth of 8.2% in Apr-Jun.
Source : Cogencis Information Services Ltd.
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