Nov 29, 2012, 06.32 PM | Source: Moneycontrol.com
Emkay Global Financial Services has come out with its report on capital goods space. L&T, Cummins India and Greaves Cotton are the top picks in the space.
, Emkay Global Financial Services |
In this month’s update on the Engineering & Capital Goods (ECG) sector, we have analyzed power projects effected by Coalgate issue along with our usual assessment of tracking trends in project tenders, project awarding, production statistics, etc.
Update on Havells dealer Roadshow:
We maintain that stock selection should be purely driven by visibility, cash flows and ROIC of the business models. Few companies appear to be richly valued (on relative basis). These should be viewed in conjunction to strength of the business model. Our top picks in the ECG sector are (1) Larsen & Toubro (2) Cummins India and (3) Greaves Cotton.
To read the full report click here
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