Capital Goods Stocks Outlook for the week – 20 to 24.02.2017
Capital Goods Stocks Outlook for the week – 20 to 24.02.2017
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Stocks of capital goods companies are likely to be within a narrow range next week, due to lack of significant triggers. Sector bellwether Larsen & Toubro could see a slight upside next week, after the engineering behemoth signed a pact with French company MBDA Missile Systems Ltd, to form joint venture for developing and supplying missiles to India. State-owned Bharat Heavy Electricals is expected to fall in the near term, as the stock was earlier this week excluded from the benchmark Nifty 50 Index. The change will come into effect from Mar 31. Stocks of Crompton Greaves could move in a narrow range in the next seven days on the back of dull order inflows in Jan-Mar so far. Analysts are, however, bullish on Siemens' stock next week as it bagged an order worth 1.19 bln rupees from Sterlite Power Grid Ventures.
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Capital Goods Stocks Outlook for the week – 20 to 24.02.2017
( www.rupeedesk.in )
Stocks of capital goods companies are likely to be within a narrow range next week, due to lack of significant triggers. Sector bellwether Larsen & Toubro could see a slight upside next week, after the engineering behemoth signed a pact with French company MBDA Missile Systems Ltd, to form joint venture for developing and supplying missiles to India. State-owned Bharat Heavy Electricals is expected to fall in the near term, as the stock was earlier this week excluded from the benchmark Nifty 50 Index. The change will come into effect from Mar 31. Stocks of Crompton Greaves could move in a narrow range in the next seven days on the back of dull order inflows in Jan-Mar so far. Analysts are, however, bullish on Siemens' stock next week as it bagged an order worth 1.19 bln rupees from Sterlite Power Grid Ventures.