Capital Goods Stocks Outlook for the week (27-31.08.2012)


Stocks of most capital goods companies are expected to trade in a narrow band with a positive bias over the next five sessions amid lack of triggers. Weak business outlook for most companies in this sector continues to weigh on investor sentiment. Generally, across industrials managements body language and commentary remained weak on account of sustained deferrals and delays from clients across power equipment, oil and gas, metals, cement sectors. Weak industrial demand coupled with regulatory hurdles is impacting the sector's overall profitability.

Among the large companies, support for Larsen & Toubro is seen at 1,392 rupees, and resistance at 1,482 rupees. The stock has already rallied a lot and there has been some profit booking over the past four-five trading sessions,rall sentiment for the stock is positive. Bharat Heavy Electricals has been trading sideways for some sessions.

www.rupeedesk.in

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.