Capital Goods Stocks Outlook for the week – 22 to 26.05.2017
Capital Goods Stocks Outlook for the week – 22 to 26.05.2017
( www.rupeedesk.in )
Stocks of capital goods companies are expected to rise next week, as the proposed Goods and Services Tax rates for the sector is seen to be positive. At the outset, the GST rate on capital goods appears to be a positive Surprise but more details regarding it are awaited before coming to any Conclusion. The GST council has placed all capital and industrial goods under the 18% tax slab. Stock-specific action is likely next week. Sector bellwether Larsen & Toubro and Bharat Heavy Electricals are likely to see upsides in the forthcoming week as the government, earlier in the week, approved plans to build 10 new nuclear reactors. These reactors will help India generate 7,000 MW of electricity from nuclear power plants by 2021-22 (Apr-Mar). Market participants would also keep an eye on Crompton Greaves, now rechristened as CG Power & Industrial Solutions, as it details its Jan-Mar earnings on Friday.
Source : Cogencis Information Services Ltd.
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Capital Goods Stocks Outlook for the week – 22 to 26.05.2017
( www.rupeedesk.in )
Stocks of capital goods companies are expected to rise next week, as the proposed Goods and Services Tax rates for the sector is seen to be positive. At the outset, the GST rate on capital goods appears to be a positive Surprise but more details regarding it are awaited before coming to any Conclusion. The GST council has placed all capital and industrial goods under the 18% tax slab. Stock-specific action is likely next week. Sector bellwether Larsen & Toubro and Bharat Heavy Electricals are likely to see upsides in the forthcoming week as the government, earlier in the week, approved plans to build 10 new nuclear reactors. These reactors will help India generate 7,000 MW of electricity from nuclear power plants by 2021-22 (Apr-Mar). Market participants would also keep an eye on Crompton Greaves, now rechristened as CG Power & Industrial Solutions, as it details its Jan-Mar earnings on Friday.
Source : Cogencis Information Services Ltd.