Capital Goods Stocks Outlook for the week (13-17.08.2012) Stocks of capital goods and engineering companies are likely to track the market, which is seen moving in a thin band. Apr-Jun earnings will guide stock-specific movement in the market. Siemens will be in focus Monday as the company posted dismal profit and sales numbers for the quarter ended June post market hours yesterday. The stocks are likely to open lower as operating margin slipped 700 basis points dragging the bottomline down 76%. Suzlon Energy is also likely to be in focus as the company will announce its first quarter earnings Monday. The wind turbine maker is seen posting a loss of 1.2 bln rupees due to high interest expenses.
Investors to sell BGR Energy System stocks following the company's Apr-Jun earnings, as the believe there are very few orders in the power equipment segment in which BGR operates. This in turn will put the company's margin under pressure. BGR Energy Systems target price to 306 rupees from 349 rupees as it expects the company to post a flattish performance in 2012-13 (Apr-Mar). By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
