K.Karthik Raja - Rupeedesk Advisory: Capital Goods Stocks Outlook for the week

Capital Goods Stocks Outlook for the week – 18 to 22.08.2014
( www.rupeedesk.in )

Stocks of most capital goods companies are seen trading firm next week, due to the price

correction that followed a weak earnings season and industrial production data.

Moreover, the government's reaffirmation of supporting infrastructure growth is expected

to further boost investor sentiment for the sector.

Larsen & Toubro, Voltas and Bharat Heavy Electrical are expected to be major gainers of

the positive sentiment. Stocks of Bharat Heavy Electricals are also expected to see some

positive movement next week after the stock saw some correction in price following

weak Apr-Jun results. BHEL has corrected after the numbers (Apr-Jun results) and IIP and is near its support level so a bounce back is possible.