Abhineet Anand of Quant Capital Tata Power is of the view that Tata Power is looking attractive.
Abhineet Anand of Quant Broking feels that Larsen and Toubro may test Rs 1225.
Abhineet Anand of Quant Broking is of the view that one may sell Bharat Heavy Electricals with a target of Rs 132.
L&T and Crompton Greaves announced a positive set of earnings. BHEL reported earnings in-line with estimates however the pain continues. When are we going to see sustainable growth and green shoots emerging from the capital goods sector? Abhineet Anand, Quant Broking shared his overall perspective of Q3 and the way forward for the sector.
In an interview to CNBC-TV18, Abhineet Anand, Quant Capital spoke about his expectation from Larsen and Toubro's numbers.
Abhineet Anand of Quant Broking has a buy rating on Power Grid Corporation of India with a target of Rs 118.
Abhineet Anand, capital goods analyst at Quant Capital is of the view that one may buy Power Grid Corporation of India as the stock may test Rs 118.
RV Shahi, Former Power Secretary says the total generation capacity at the moment is 240,000 MW, whereas the grid is drawing not more than 120,000-130,000 MW.
Abhineet Anand of Quant Capital is of the view that one may sell Bharat Heavy Electricals (BHEL) as the stock may test Rs 132.
Capital goods stocks have not witnessed any material pick-up in orders, and could see bottoming out of margins in the next 2-3 quarters.
Quant Capital recommends selling state-owned BHEL, ABB and Siemens. It has a buy call on industry major Larsen and Toubro with a target price of Rs 1,115.
Quant Capital's Abhineet Anand believes the valuations for BHEL at current market price look quite expensive. He expects FY14 sales to decline by 22 percent YoY and margins drop to 15 percent from 18 percent previously.
The Deepak Parekh panel has already recommended a compensatory tariff of 45-55 paise for Tata Power's 4,000 MW Mundra plant and a tariff increase to the tune of 60 paise for Adani Power's 4,620 MW Mundra plant.
Despite coal shortage issue last year BHEL garnered around almost 8000-8500 megawatts of orders. This year too it should be able to garner around 6000 MW, largely lead by central and state government utilities, says Amol Rao of Anand Rathi.
Infrastructure stocks have been beaten down severely off-late. In an interview to CNBC-TV18, Abhineet Anand, analyst, Antique Stock Broking said, there are two things that are overweighing on the infrastructure sector.
Suzlon Energy has target of Rs 69, says Abhineet Anand, Antique Stock Broking.
Abhineet Anand from Antique stock broking, who tracks Suzlon closely, told CNBC-TV18 that the stock move is materially positive for Suzlon.
Buying opportunity seen in NTPC, says Abhineet Anand, Analyst, Antique Stock Broking.
Abhineet Anand, Analyst, Antique Stock Broking view on Punj Lloyd.
Abhineet Anand, Analyst, Antique Stock Broking view on Coal India.
Abhineet Anand, Analyst at Antique Stock Broking speaks to CNBC-TV18 about the capital goods pocket, especially, L&T and BHEL.
Buy Larsen and Toubro, says Abhineet Anand, Analyst, Antique Stock Broking.