Capital Goods Stocks Outlook for the week – 11 to 15.05.2015
Stocks
of most capital goods companies are seen volatile next week, tracking the wider
market
amid announcement of key economic data and Jan-Mar earnings. Key data such
as
industrial production for March, consumer price index for April will be
announced on
Tuesday,
while wholesale price index data will be detailed on Thursday.
Macro-economic
triggers like further rise in crude prices, industrial production and
inflation
data and developments on the Minimum Alternate Tax on foreign institutional
investors
issue are likely to drive the trading in capital goods shares. Consumer
durables and electrical equipment maker Havells India will detail its Jan-Mar earnings
of Monday. Shares of Havells and Larsen & Toubro are seen trading up next week,
while Bharat Heavy Electricals is seen trading sideways.
