Capital Goods Stocks Outlook For The Week - 31.12.2018 To 04.01.2019
Stocks of companies in the capital goods sector are seen trading in a range next week. However,
Larsen & Toubro may rise on the back of order wins. In the medium to long term, companies in
the sector including L&T, Engineers India, Siemens and Thermax are expected to benefit from
rising capital expenditure in the core industries such as oil and gas, steel and cement. Public
sector undertakings in the oil and gas sector are expected to award a number of large orders to
companies in the capital goods sector as they look at capacity expansion of refineries. Similarly,capacity expansion by cement and steel companies is also expected to create opportunities for companies in the sector.
Source : Cogencis Information Services Ltd.
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Stocks of companies in the capital goods sector are seen trading in a range next week. However,
Larsen & Toubro may rise on the back of order wins. In the medium to long term, companies in
the sector including L&T, Engineers India, Siemens and Thermax are expected to benefit from
rising capital expenditure in the core industries such as oil and gas, steel and cement. Public
sector undertakings in the oil and gas sector are expected to award a number of large orders to
companies in the capital goods sector as they look at capacity expansion of refineries. Similarly,capacity expansion by cement and steel companies is also expected to create opportunities for companies in the sector.
Source : Cogencis Information Services Ltd.
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