Capital Good
Stocks Outlook for the week – 13 to 17.10.2014
( www.rupeedesk.in )
Shares of most capital goods
companies are seen trading with a negative bias next week, as
short-term investors will be
cautious ahead of Jul-Sep corporate earnings that are unlikely to
provide any major positive
surprises. Operational performance for 2QFY15 (Jul-Sep) is expected
to remain muted as the pace of
project execution has failed to show any sign of a pickup.
Macro scenario fails to provide
major growth triggers from a near term perspective -- turnaround
continues to be in the initial
stages, with an improvement being limited at the sentiment level and
yet to reach tendering order
finalisation level.
Shares of electrical equipment
maker Crompton Greaves are seen down on weak Jul-Sep
earnings. While the company's
management has guided for improvement in European business
performance this financial year,
the same was not visible in the Crompton Greaves' Apr-Jun performance.
