Industrials

Friday’s rebound in BHEL shares reflects selective buying in beaten-down capital-goods stocks after Thursday’s sharp correction, which was triggered by policy-related concerns.

What to do with BHEL stock today after a sharp selloff? UBS says ‘buy’ on major order win; check target price

UBS said that the recent correction in BHEL shares offers a positive read-through for the stock, citing robust order momentum. BHEL stock lost about 9 percent yesterday on concerns that easing restrictions on Chinese bidders could intensify competition in large government contracts.

Multiple headwinds pose risk to ABB’s margin outlook

Apart from subdued order flows, margins could be weighed down by several factors including rising competition  

Ambit sees chemicals as a top contrarian bet in a fully priced market

Global restocking, early demand recovery set stage for upside in under-owned sectors, says Sushant Bhansali and Siddhartha Bothra.

Budget and Markets: Will FM add fuel to the rally in industrial stocks?

Budget 2024: The interim nature of the budget coupled with the expected slowdown in order books and execution of the industrial companies may lead to a muted performance in the first half of FY25.

CG Power's robust M&A record, quick turnaround makes UBS bullish; assigns 'buy' rating

UBS also valued CG Power at par with its multinational peers owing to the company's robust exposure to organic and inorganic growth opportunities in the electrification and industrial markets.

Industrial stocks: Are investors chasing momentum?

The industrial sector is the only one to have seen an influx of FII money every month since May 2022

Strong order flow, operating leverage keep Jefferies’ outlook on industrials’ positive for 2023

They have 8 buy calls out of the 10 stocks under their coverage. Their top picks are L&T, Siemens and Thermax.

Private capex still below pre-pandemic levels, but there’s reason for optimism

Many capital goods and infrastructure companies have strong order books and have healthy balance sheets

Morgan Stanley’s contrarian calls: Overweight on domestic cyclicals, technology and financials

The chosen sectors are at variance with bets by foreign portfolio investors and domestic institutional investors.

Sanjeev Prasad sees Nifty EPS at Rs 446 in FY17, eyes Q2 results

We have prepared our estimates under Ind-AS, though Q2FY16 results are under I-GAAP. We calculate BSE-30 Index's FY17e EPS at Rs 1,479 and FY18e EPS at Rs 1,792, says Sanjeev Prasad of Kotak Institutional Equities.

IT no longer high-growth story, cement cos look good: Max Life

Earnings growth this quarter may be muted says Mihir Vora, Director and Chief Investment Officer of Max Life Insurance who believes for the full year, though, it could be a healthy double-digit.

Avoid consumer staples, pvt capex-based cos: Spark Capital

Discussing the company‘s portfolio strategy and macro outlook on CNBC-TV18 Ganeshram Jayaraman said that Spark Capital has an overweight stance on infrastructure/industrials, automobiles and discretionary consumption.

Nifty earnings to improve in Q4; upbeat on infra:Sundaram AMC

The house will continue with its overweight position in industrials, construction and rate sensitives, says S Krishna Kumar, CIO-Equities, Sundaram Asset Management.

Buy select largecaps, retail-focussed pvt banks: BNP Paribas

Manishi Raychaudhuri of BNP Paribas advises investors to go in for private sector banks that are focussed on consumer lending. Similarly, he adds that if one wishes to invest in industrials, then one should pick companies with less leverage.

Bet on rupee-sensitive stocks; growth missing: Jaipuria

Independent market expert Jyotivardhan Jaipuria advises investors to bet on rupee-sensitive stocks such as IT and pharma (though not the large cap pharma companies), private sector banks and industrials in the near-term

Look at IT, healthcare space: Jonathan Schiessel

Jonathan Schiessel of Asburton is of the view that one may look at IT and healthcare space.

NPA problem resolvable; see recovery momentum pick up: IDBI

There is a lot of stress in sectors such as industrials, and when earnings get impacted, debt servicing follows suit, says BK Batra, deputy managing director of IDBI Bank

See volatile mkts over 2-3 months; like industrials: Ambit

Vaibhav Sanghavi, Managing Director at Ambit Investment Advisory, explains: "We expect earnings to grow by 20% in FY17 and 12% this year. So going by sheer earnings growth, even without a massive re-rating in the markets, cumulatively we will grow 32-33% in two years, which takes the index number from 8500 to 11000."

Bullish cap goods, consumer discretionary, pharma: SBI MF

Munot is betting on four broad drivers--the government's focus on the ease of doing business, technology enablers which help ion creating brands much faster, improvement in logistics and introduction of GST, and the fall in the cost of factors of production--to drive the revival in the economy.

See higher levels for market by Mar 2016: Kotak Mah AMC

Currently, the market is supported by strong domestic flows, which are likely to continue going forward too, said Nilesh Shah of Kotak Mahindra Mutual Fund.

Market valuation not expensive at 16x earnings: IIFL

On the macro front, Prabodh Agrawal, president and head of research at IIFL Institutional Equities, continues to remain positive. He says even if GST implementation gets delayed by three months, it should not be an issue.

Investors cautious, reforms agenda not firing: Ambit Cap

Saurabh Mukherjea of Ambit Capital says foreign investors have been voicing doubts on whether they should reduce their India exposure meaningfully, which is a drastic change from last year's sentiments.

India only game in town even today: Ridham Desai

Acknowledging that people want confirmation from the ground, "and it will come despite the presence of risks like monsoon and rate cut," Ridham Desai suggested the time now is good to enter Indian market.

Maintain 32500 yr-end Sensex target; bet on industrials: MS

Ridham Desai, Managing Director, Morgan Stanley continues to remain bullish on equities and says the correction has given a good entry point to investors. He says the Indian market is still in a bull phase and the ongoing correction is a part of the bull market correction.