Capital Goods Stocks Outlook For The Week - 23 to 27.10.2017
Capital Goods Stocks Outlook For The Week - 23 to 27.10.2017
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The stocks of most capital goods companies are likely to rise next week on the back of positive data on the sector's output for August, but slow earnings growth for the September quarter could cap gains. Capital goods output, considered a proxy for investment and consumer demand in the economy, grew 5.4% on year in August, compared to a contraction of 1.3% in the previous month, according to data released by the Central Statistics Office. The positive output data on the sector could act as a push for capital goods stocks in the near-term. However, there are near-term challenges in execution of order book for companies as most orders are slow moving and tender pipeline remains modest. Sector bellwether Larsen & Toubro is expected to hold on to the recent gains.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
The stocks of most capital goods companies are likely to rise next week on the back of positive data on the sector's output for August, but slow earnings growth for the September quarter could cap gains. Capital goods output, considered a proxy for investment and consumer demand in the economy, grew 5.4% on year in August, compared to a contraction of 1.3% in the previous month, according to data released by the Central Statistics Office. The positive output data on the sector could act as a push for capital goods stocks in the near-term. However, there are near-term challenges in execution of order book for companies as most orders are slow moving and tender pipeline remains modest. Sector bellwether Larsen & Toubro is expected to hold on to the recent gains.
Siemens - Down
Adaniports - Up
L&T - Down
Bhel - Up
Adaniports - Up
L&T - Down
Bhel - Up
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Source : Cogencis Information Services Ltd.
