Capital Goods Stocks Outlook For The Week – 27.02.2017 to 03.03.2017
Capital Goods Stocks Outlook For The Week – 27.02.2017 to 03.03.2017
( www.rupeedesk.in )
Stocks of capital goods companies are expected to trade within a range next week, owing to lack of
significant triggers and a subdued outlook on the sector. Slower order execution, high working capital
requirement, and a muted domestic macroeconomic environment would affect capital goods companies in the near term. State-owned Bharat Heavy Electricals Ltd could see some upside in the near- to mid term, as the company expects some high-value orders from the transportation sector. BHEL could see some big-ticket inflows in the next few weeks from bus and truck makers for different kinds of magnet motors. Stocks of Crompton Greaves are expected to fall next week, as business prospects continued to be grim amid delayed executions. Siemens, however, continues to be an attractive proposition in the short term, with regular order wins in the last few weeks. The engineering major, along with Siemens Rail Automation, S.A.U. Spain, had earlier this week jointly won an order worth 2.87 bln rupees from Nagpur Metro Rail Corp. On Feb 16, the company had bagged an order worth 1.19 bln rupees from Sterlite Power Grid Ventures.
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Capital Goods Stocks Outlook For The Week – 27.02.2017 to 03.03.2017
( www.rupeedesk.in )
Stocks of capital goods companies are expected to trade within a range next week, owing to lack of
significant triggers and a subdued outlook on the sector. Slower order execution, high working capital
requirement, and a muted domestic macroeconomic environment would affect capital goods companies in the near term. State-owned Bharat Heavy Electricals Ltd could see some upside in the near- to mid term, as the company expects some high-value orders from the transportation sector. BHEL could see some big-ticket inflows in the next few weeks from bus and truck makers for different kinds of magnet motors. Stocks of Crompton Greaves are expected to fall next week, as business prospects continued to be grim amid delayed executions. Siemens, however, continues to be an attractive proposition in the short term, with regular order wins in the last few weeks. The engineering major, along with Siemens Rail Automation, S.A.U. Spain, had earlier this week jointly won an order worth 2.87 bln rupees from Nagpur Metro Rail Corp. On Feb 16, the company had bagged an order worth 1.19 bln rupees from Sterlite Power Grid Ventures.
