Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
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Stocks of capital goods companies are likely to rise next week, taking cues from Larsen and Toubro and Bharat Heavy Electricals, as both the sector majors are projected to report positive Jan-Mar earnings. L&T should lead the pack in the upcoming week on the back of expected decent Q4 (Jan-Mar) numbers. The engineering behemoth will detail its earnings for the March quarter on Monday, along with Bharat Heavy Electricals. L&T's consolidated net sales are expected to rise nearly 15% on year to 376.47 bln rupees in the reporting quarter, while consolidated net profit is likely to see a growth of 7% at 26.29 bln rupees. State-owned Bharat Heavy Electricals should see an upside to 175 rupees in the next few trading sessions. The company's net profit for Jan-Mar is estimated to grow 53.3% on year to 5.5 bln rupees. Net sales are seen at 110.1 bln rupees, up 10.0% year-on-year. Stocks of CG Power & Industrial Solutions, however, are likely to fall next week after the company's net loss widened to 4.4 bln rupees in Jan-Mar from 929 mln rupees a year ago. Income from operations, too, fell 7.6% on year to 17.1 bln rupees during the quarter. Market participants would also keep an eye on Thermax as it details its fourth quarter earnings on Tuesday
Source : Cogencis Information Services Ltd.
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Capital Goods Stocks Outlook for the week – 29.05.2017 to 02.06.2017
( www.rupeedesk.in )
Stocks of capital goods companies are likely to rise next week, taking cues from Larsen and Toubro and Bharat Heavy Electricals, as both the sector majors are projected to report positive Jan-Mar earnings. L&T should lead the pack in the upcoming week on the back of expected decent Q4 (Jan-Mar) numbers. The engineering behemoth will detail its earnings for the March quarter on Monday, along with Bharat Heavy Electricals. L&T's consolidated net sales are expected to rise nearly 15% on year to 376.47 bln rupees in the reporting quarter, while consolidated net profit is likely to see a growth of 7% at 26.29 bln rupees. State-owned Bharat Heavy Electricals should see an upside to 175 rupees in the next few trading sessions. The company's net profit for Jan-Mar is estimated to grow 53.3% on year to 5.5 bln rupees. Net sales are seen at 110.1 bln rupees, up 10.0% year-on-year. Stocks of CG Power & Industrial Solutions, however, are likely to fall next week after the company's net loss widened to 4.4 bln rupees in Jan-Mar from 929 mln rupees a year ago. Income from operations, too, fell 7.6% on year to 17.1 bln rupees during the quarter. Market participants would also keep an eye on Thermax as it details its fourth quarter earnings on Tuesday
Source : Cogencis Information Services Ltd.