A lot of capital good stocks are in focus today and one such stock is Thermax. The company has reported a very weak set of numbers.
Ridham desai of Morgan Stanley says the market is over-valued at current reckoning and the fair value is closer to 5000 on Nifty.
K Ravi Kumar, former chairman, BHEL and now with Abhijeet Power, says that the continuous decline in numbers in the last five months is a reason for worry. High interest rates and weak order pipeline is affecting the capital good sector.
Capital good stocks such as Bharat Heavy Electricals (BHEL) rose after a sub-index in the industrial output data out on Thursday showed healthier growth than in the broader data.
One can short bank Nifty and capital good stocks, says Devangshu Dutta, Consulting Editor, Outlook.
Alroy Lobo, Chief Strategist & Global Head- Equity Asset Management, Kotak AMC is underweight on the infra space.
One can buy capital good stocks in small quantity, says SP Tulsian, sptulsian.com.
Alroy Lobo, Chief Strategist Global Head - Equity Asset mgmt, Kotak AMC is underweight on infrastructure space.
Jyotivardhan Jaipuria, BoA-ML is bullish on the banking space.