Capital Goods Stocks Outlook for the week – 27 to 31.07.2015
(Seen
extending losses; earnings eyed)
( www.rupeedesk.in )
The
capital goods sector is seen extending losses, as most capital goods companies
that will detail earnings next week are expected to add to the trend of
disappointing results. Power and electrical equipment makers ABB India and
Crompton Greaves Friday reported sharply lower-than-expected Apr-Jun results.
Also,
weak industrial output numbers so far point towards weak first- quarter
earnings. Transmission and distribution infrastructure maker KEC International
will detail its Apr-Jun earnings on Monday, while energy systems maker Thermax
will announce its earnings on Tuesday.
Sector
major Larsen & Toubro will detail its earnings at the end of the week. KEC
International's
consolidated
Apr-Jun net profit is likely to have doubled year on year to 219 mln rupees,
while net sales is expected to have risen 9% to 18.44 bln rupees.
Sector
major L&T is seen reporting a consolidated Apr-Jun net profit of 7.92 bln
rupees, down 18% on year, and net sales of 203.20 bln rupees, up 7%.
