SP Tulsian, sptulsian.com shares his view on capital good space.
Tulsian told CNBC-TV18, "I am expecting all capital good stocks to perform well, maybe to post better results. To start with L&T , even I am holding positive view on Crompton Greaves , even on Thermax because the kind of run-up we have seen in these stocks in last one month, maybe the smaller one are expected to perform. On Thermax we were expecting that probably things may not be very positive. But if you take a general call you can include ABB, you can include Siemens, you can include Alstom Projects, you can include BGR, but yes the trend will get known from the results of L&T but I am holding positive view on the sector."
He further added, "If JSW Steel has provided Rs 500 crore as forex losses than Rs 168 crores PAT looks very good. But if that is aided by the tax reversal of more than Rs 141 crore means that you are practically nil PAT which is not very good and definitely not seen as good for the market and this can make the stock to correct further maybe it can correct to about Rs 610- 615 in next couple of days."
