Capital Goods Stocks Outlook For The Week – 05 to 09.02.2018
The shares of capital goods companies may see modest gains due to positive sentiment from the higher allocation for infrastructure development in the Union Budget for 2018-19 (Apr-Mar). The increased budgetary support for infrastructure, particularly the roads and railways will be a big positive for the sector. Finance Minister allocated a record 5.97 trln rupees for infrastructure sector in the Union Budget, while the Indian Railways' got a capital expenditure of 1.48 trln rupees for the period. However, weak sentiment in the broader market after the government re-introduced long-term capital gains tax on shares, will cap gains in capital goods stocks next week.
Source : Cogencis Information Services Ltd.
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The shares of capital goods companies may see modest gains due to positive sentiment from the higher allocation for infrastructure development in the Union Budget for 2018-19 (Apr-Mar). The increased budgetary support for infrastructure, particularly the roads and railways will be a big positive for the sector. Finance Minister allocated a record 5.97 trln rupees for infrastructure sector in the Union Budget, while the Indian Railways' got a capital expenditure of 1.48 trln rupees for the period. However, weak sentiment in the broader market after the government re-introduced long-term capital gains tax on shares, will cap gains in capital goods stocks next week.
Source : Cogencis Information Services Ltd.
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