Capital Goods Stocks Outlook For The Week - 21 To 25.01.2019
Next week, movement in the stocks of capital goods companies is likely to be within a narrow range due to lack of cues from the broader market. We await the Oct-Dec earnings of sector heavyweight Larsen and Toubro Ltd, and the company's commentary on the outlook for orders and investment in the sector. L&T, which will report its quarterly earnings on Friday, is expected to post a 12.7% on-year jump in bottom-line at 13.78 bln rupees. Last week, stocks of capital goods companies underperformed the broader market. The Nifty Capital Goods index fell 2.9% during the week, while the Nifty 50 rose 1%. Cues from the broader market, however, are likely to limit losses in the sector, as benchmark indices are likely to see moderate gains due to optimism over US-China trade talks and strong corporate earnings for the December quarter.
Source : Cogencis Information Services Ltd.
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Next week, movement in the stocks of capital goods companies is likely to be within a narrow range due to lack of cues from the broader market. We await the Oct-Dec earnings of sector heavyweight Larsen and Toubro Ltd, and the company's commentary on the outlook for orders and investment in the sector. L&T, which will report its quarterly earnings on Friday, is expected to post a 12.7% on-year jump in bottom-line at 13.78 bln rupees. Last week, stocks of capital goods companies underperformed the broader market. The Nifty Capital Goods index fell 2.9% during the week, while the Nifty 50 rose 1%. Cues from the broader market, however, are likely to limit losses in the sector, as benchmark indices are likely to see moderate gains due to optimism over US-China trade talks and strong corporate earnings for the December quarter.
Source : Cogencis Information Services Ltd.
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