Capital Goods Stocks Outlook for the week – 24 to 28.04.2017
Capital Goods Stocks Outlook for the week – 24 to 28.04.2017
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The shares of capital goods companies are likely to trade in a range next week, due to lack of significant triggers and an overall grim outlook for fresh orders in the near term. Sector bellwether Larsen & Toubro could see a slight upside, riding on recent construction order wins worth 26.94 bln rupees. The stock is likely to trade in the range of 1,695-1,700 rupees in the upcoming week. So far in 2017, shares of the company have gained 25%. The power generation vertical of BHEL is still largely muted. However, we are bullish on Thermax in the near-to-mid term, following some positive management commentary. The company is expected to announce decent order inflows in the next few weeks. Siemens stock is likely to be range-bound in the forthcoming week, but could gain in the short term as the company is seen reporting robust net profit and net sales in the quarter ended March.
Source : Cogencis Information Services Ltd.
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Capital Goods Stocks Outlook for the week – 24 to 28.04.2017
( www.rupeedesk.in )
The shares of capital goods companies are likely to trade in a range next week, due to lack of significant triggers and an overall grim outlook for fresh orders in the near term. Sector bellwether Larsen & Toubro could see a slight upside, riding on recent construction order wins worth 26.94 bln rupees. The stock is likely to trade in the range of 1,695-1,700 rupees in the upcoming week. So far in 2017, shares of the company have gained 25%. The power generation vertical of BHEL is still largely muted. However, we are bullish on Thermax in the near-to-mid term, following some positive management commentary. The company is expected to announce decent order inflows in the next few weeks. Siemens stock is likely to be range-bound in the forthcoming week, but could gain in the short term as the company is seen reporting robust net profit and net sales in the quarter ended March.
Source : Cogencis Information Services Ltd.
