Page 3 - Capital Goods Sector
BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%
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
 "BSE Capital Goods index hits fresh 52-week high; L&T, BEL gain up to 3%")
Six out of top 10 infrastructure companies struggling to stay afloat
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
 "Six out of top 10 infrastructure companies struggling to stay afloat")
New orders and execution likely to remain subdued in Q2, say analysts
Some pin hopes on the NIP even as awards for FY21 and year after look bleak
 "New orders and execution likely to remain subdued in Q2, say analysts")
Covid-19: Capital goods firms experiment with contracts, chase payments
Coping with Covid: Shorter credit-cycle deals, bank guarantees on pro-rata basis the new norm
 "Covid-19: Capital goods firms experiment with contracts, chase payments")
Decline in order inflow at L&T does not augur well for capital goods sector
Even though it was better than what analysts had expected, it still paints a bleak picture.
 "Decline in order inflow at L&T does not augur well for capital goods sector")
Domestic capital goods companies seek price preference policy from Centre
Companies like Siemens suggest the government needs to reduce the cost of doing business to ensure domestic firms grow
 "Domestic capital goods companies seek price preference policy from Centre")
Realty, capital goods stocks gain; Indiabulls, Oberoi ReaIty rise 5%
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.
 "Realty, capital goods stocks gain; Indiabulls, Oberoi ReaIty rise 5%")
Capital Goods index hits over 6-year low; L&T down 51% in 2-months
Analysts anticipate some amount of weakness on the execution front in H1FY21 due to current challenges in manpower movement.
 "Capital Goods index hits over 6-year low; L&T down 51% in 2-months")
Recovery unlikely for cement and capital goods sectors before Q3
Industry volume declined in the June quarter
 "Recovery unlikely for cement and capital goods sectors before Q3")
ABB, Siemens, Thermax: How to trade capital goods stocks in this market?
Here are trading strategies for key capital goods stocks in a volatile market
 "ABB, Siemens, Thermax: How to trade capital goods stocks in this market?")
Rise in profits may not signal revival of capital goods sector: Analysts
Order inflow numbers need to show a healthier trend, which will be difficult under these conditions
 "Rise in profits may not signal revival of capital goods sector: Analysts")
