Capital Goods Stocks Outlook - 06 to 10.03.2017
Capital Goods Stocks Outlook - 06 to 10.03.2017
( www.rupeedesk.in )
The shares of capital goods companies are seen trading in a narrow range and track the trend in the
broad market next week. Absence of any fresh triggers for the sector is likely to keep action subdued.
Weak outlook for the sector has been one of the major reasons for investors shying away from buying
shares aggressively. Weak order inflows due to muted demand, slower order execution, and high working capital requirement has marred the profitability of most companies in the sector. Sector major Larsen & Toubro today said that its construction division has got orders worth 21.7 bln rupees across power, water and construction businesses in India and overseas. However, the news did little to move the stock, which ended 0.2% down as market participants remain wary of the company meeting its annual sales growth and order inflow guidance. L&T said that it will end the current financial year with 10% on-year growth in both sales and order inflows. The company had earlier projected a sales growth of 12-15% and order inflow growth of 15%.
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Capital Goods Stocks Outlook - 06 to 10.03.2017
( www.rupeedesk.in )
The shares of capital goods companies are seen trading in a narrow range and track the trend in the
broad market next week. Absence of any fresh triggers for the sector is likely to keep action subdued.
Weak outlook for the sector has been one of the major reasons for investors shying away from buying
shares aggressively. Weak order inflows due to muted demand, slower order execution, and high working capital requirement has marred the profitability of most companies in the sector. Sector major Larsen & Toubro today said that its construction division has got orders worth 21.7 bln rupees across power, water and construction businesses in India and overseas. However, the news did little to move the stock, which ended 0.2% down as market participants remain wary of the company meeting its annual sales growth and order inflow guidance. L&T said that it will end the current financial year with 10% on-year growth in both sales and order inflows. The company had earlier projected a sales growth of 12-15% and order inflow growth of 15%.
