Investors are looking at striking some gold as FIIs return to equity markets. Analysts are eying select sectors that are expected to garner most attention from global buyers. Here are the top picks
Sequentially, numbers likely to decline, since June quarter is seasonally weak
Traders' body CAIT on Wednesday said it will launch a campaign from July 10, demanding the Delhi government to withdraw the five-month ban on entry of medium and heavy goods vehicles in Delhi
The strong stock price momentum is now backed by improving fundamentals
The company's construction arm has secured significant orders (ranging between Rs 1,000 to Rs 2,500 crore) for its businesses in India.
Indications of demand expansion for manufacturing companies, stronger balance sheets are some positives
Exports of short-cycle products are expected to improve, aiding revenue mix
Acquisition of C&S Technologies is seen margin accretive and will augment exports
Consumer demand likely to take a hit owing to reduction in overall public expenditure
The S&P BSE Capital Goods Index hit a 52-week high of 18,252 on Monday
Given the likely recovery in capex from public sector, multilateral funded projects and certain process industries, analysts at ICICI Securities believe, companies like L&T will be key beneficiary
These companies have lost 70 per cent of their market capitalisation in the past six years and four of them are down 90 per cent or more during the period
Some pin hopes on the NIP even as awards for FY21 and year after look bleak
Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm
Even though it was better than what analysts had expected, it still paints a bleak picture.
Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow
At 11:03 am, the S&P BSE Capital Goods index, the top gainer among sectoral indices, was trading nearly 4 per cent higher at 12,071 points.
Analysts anticipate some amount of weakness on the execution front in H1FY21 due to current challenges in manpower movement.
Industry volume declined in the June quarter
Here are trading strategies for key capital goods stocks in a volatile market