According to ICICIdirect.com, the current macroeconomic backdrop (high CAD, volatile currency depreciation and resultant inflationary expectation) will restrict the RBI from further loosening up interest rates in FY14. This will accentuate problems for capital goods companies.
L&T | Liberty Shoes | Kalyani Steels | Flexituff International | Motherson Sumi | India Infoline | IDFC | Gammon India | SAIL | Visa Steel | Central Bank Of India | BGR Energy and Glenmark are stocks, which are in the news today.
KR Choksey has come with its September quarterly earning estimates for power and capital goods sector. According to research firm, the sales growth is expected on back of carry forward orders.
The BSE Sensex extended gains during Union Budget speech started by the Finance Minister Pranab Mukherjee. Banks, capital goods, technology and metal stocks were on buyers' radar while Reliance Industries and auto (four-wheeler) stocks were under pressure.
The Supreme Court today ruled in favour of NTPC with regard to the bid by Ansaldo Caldaie Boilers, a joint venture of the Italian company and Gammon India, after a two-year tender dispute with the state-run power producer.
Investment Advisor, SP Tulsian view on capital goods stocks earnings
In an exclusive interview with CNBC-TV18, independent market strategist Rajesh Jain analyses BHEL. He says the stock in the middle of the present news flows is fairly negative.