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Are Capital goods cos. out of favour? (1)   30-Apr-08 20:30Tracked by (0)  
Posted by:   kr_nambiar on ( 30-Apr-08 20:30 )
Price : BSE: Rs 571.75 ( -0.61 % ), NSE: Rs. 571.85 ( -0.61 % )
In today's ET (page 19, column 3) carried story about capital goods company losing street's faith. JM Mutual Fund CIO Mr Sandip Sabarwal say that "We are under were underweight on the sector before correction, as valuations were much ahead of fundamentals, but now we are poitive for medium to long term. He added that "the existing pessimism is on account of higer commodity prices but these are cyclicles. The situation will improve in the medium term."
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