Capital Goods Stocks Outlook
Seen in a range as Oct-Dec results awaited
This story was originally published at 22:34 IST on 17 January 2025
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MUMBAI – Movement in shares of capital goods companies will largely depend on their management's post-earnings commentary. After a slow growth in the first half of the current financial year, these companies are expected to post a better performance for the December quarter, Avinash Kumar, a research analyst at LKP Securities, said.
Usually, the execution of capital goods companies improves in the second half of the year, the analyst said. While the overall valuation for the sector seems good, some stocks have very steep valuations, he said. Market participants are looking forward to the earnings of these highly valued stocks to see whether "they are able to walk the talk", the analyst said.
Fundamentally, things are largely on the brighter side for the capital goods companies, but the future will depend on the post-earnings management commentary, as people will take a call on the basis of forward-looking statements, the analyst said.
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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange:
| Company | Price | Week-on-week change in % | Resistance | Support |
| Bharat Heavy Electricals | 214.08 | 4.70 | 219.20 | 205.40 |
| CG Power and Industrial Solutions | 649.15 | (-)0.20 | 672.70 | 608.20 |
| Larsen & Toubro | 3568.65 | 0.90 | 3621.40 | 3485.60 |
| Siemens | 6183.25 | 1.30 | 6379.10 | 5845.20 |
| Thermax | 3964.00 | 5.20 | 4379.40 | 3698.70 |
| Bharat Electronics | 282.15 | 4.10 | 289.90 | 270.20 |
| S&P BSE Capital Goods | 65179.63 | 1.50 | 66192.20 | 63486.40 |
| Nifty 50 | 23203.20 | (-)1.00 | 23390.30 | 23006.80 |
| S&P BSE Sensex | 76619.33 | (-)1.00 | 77456.50 | 75844.70 |
End
Reported by Aman Aryan
Edited by Ashish Shirke
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