Capital Goods Stocks Outlook for the week – 12 to 16.06.2017
Capital Goods Stocks Outlook for the week – 12 to 16.06.2017
( www.rupeedesk.in )
Stocks of capital goods companies are likely to trade within a range next week due to lack of
significant triggers. Most companies in the sector, including Bharat Heavy Electricals, CG Power &
Industrial Solutions, and Thermax are yet to recover from their disappointing earnings for the March quarter. Engineering behemoth Larsen and& Toubro could see a slight upside in the short term, riding on a robust order book and a strong balance sheet. We continue to prefer L&T in the large-cap space due to its robust business model, competent management, strong execution, and a healthy balance Sheet. BHEL is seen trading in a tight range in the coming week, as sentiment on the stock is weak, following a 57.4% on-year fall in net profit for the March quarter at 2.16 bln rupees.
Source : Cogencis Information Services Ltd.
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Capital Goods Stocks Outlook for the week – 12 to 16.06.2017
( www.rupeedesk.in )
Stocks of capital goods companies are likely to trade within a range next week due to lack of
significant triggers. Most companies in the sector, including Bharat Heavy Electricals, CG Power &
Industrial Solutions, and Thermax are yet to recover from their disappointing earnings for the March quarter. Engineering behemoth Larsen and& Toubro could see a slight upside in the short term, riding on a robust order book and a strong balance sheet. We continue to prefer L&T in the large-cap space due to its robust business model, competent management, strong execution, and a healthy balance Sheet. BHEL is seen trading in a tight range in the coming week, as sentiment on the stock is weak, following a 57.4% on-year fall in net profit for the March quarter at 2.16 bln rupees.
Source : Cogencis Information Services Ltd.
