Capital Goods
Stocks Outlook for the week – 24 to 28.11.2014
( www.rupeedesk.in )
Stocks of most capital goods
companies are seen tracking the broad market next week in the
absence of any sector-specific
triggers. Investors will eye the Jul-Sep earnings of Siemens Ltd,
the Indian arm of German
engineering major Siemens. The earnings will be detailed on Tuesday.
Overall, We expect see the stock
trending down as there is limited upside and most of the
benefits of improved order inflow
have already been discounted in the current price.
Siemens is one of the most
expensive stocks in our coverage. we believe current valuations more
than price in the positives of a
revival in new orders and earnings growth.
Another stock favoured by
investors is Larsen & Toubro. The company's diversified profile and
strong balance sheet is likely to
make it the biggest beneficiary of any positive turnaround in the domestic market.
