Capital Goods Stocks Outlook for the week - 23.12.2013 - 27.12.2013 www.rupeedesk.in
Stocks of most capital goods companies are seen rangebound next week with absence of any major sector-specific triggers. However, investors are seen bullish on shares of sector bellwether Larsen & Toubro, state-owned Bharat Heavy Electricals and Avantha Group-owned Crompton Greaves. L&T yesterday said it is in talks with a global investor for selling stake in its subsidiary. The company has also sought Foreign Investment Promotion Board's approval for foreign direct investment for its arm. In September, the Mumbai-based capital goods and engineering major had said it expects its arm L&T IDPL to have an equity requirement of around 82 bln rupees over 2014-18. L&T IDPL has been looking to raise around 20 bln rupees through equity infusion by an investor, the management had said. In addition to this, L&T has traditionally posted strong results in the second half of the financial year as a lot of large government orders get finalized during this time. Stocks of electrical equipment maker Crompton Greaves are also seen trading with a positive bias as the company is expected to show improvement in its Oct-Dec quarter results, owing to the completion of restructuring at its plant in Belgium. -- Thanks and Regards, Rupeedesk Research Team Equity-Commodity-Currency-Nifty Options www.rupeedesk.in Contact : 044-24333577 /91-9841986753/91-9094047040 --- You received this message because you are subscribed to the Google Groups "Rupeedesk Profits" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/kences1. For more options, visit https://groups.google.com/groups/opt_out.
