CAPITAL GOODS SECTOR
Harshit Kapadia is gung-ho on capital goods & defence; betting on 5 stocks
Harshit Kapadia of Elara Securities prefers Hindustan Aeronautics, Bharat Electronics (PSU) and Data Patterns, Astra Microwave, Zen Technologies (private). Modi's Russia visit for defense ties boosts small arms and air defense. Hindustan Aeronautics tops Kapadia's list. Indigenization, order books, manufacturing, shipbuilding timelines (6-11 years), and fighter aircraft offer valuation gaps for PSU stocks.
Pumps, pipes, credit, mass housing and employment generation could be the focus areas in Budget: Yogesh Patil
Manufacturing focus from government actually will create higher jobs and improve the per capita income. So, mass consumption category, which has not done well in last two years, is expected to do well in coming years.
India needs to take advantage of global pushback, inefficiencies due to Beijing’s over-investment
The 'China+1' strategy has gained momentum over the last few years as the US-China strategic conflict has heightened. Countries, including India, have been competing to be the '+1' by easing policies and providing incentives to attract foreign firms. These firms are looking to reduce their dependence on China for manufacturing. Despite these efforts, China's global share of manufacturing has not decreased. It has actually increased from 35% in 2020 to an estimated 38% now.
Should investors bet on large-cap pharma stocks? Alok Agarwal answers
So, I remain upbeat and positive about the changes. Yes, at the same time, there are increasingly green shoots visible in the lower end of most consumer products, and this change is coming at the right time, possibly indicating better growth ahead of us.
GST collection rises 8 pc to Rs 1.74 lakh cr in Jun
The June 2024 GST collection reached Rs 1.74 lakh crore, marking an 8% increase from May 2024. EY India Tax Partner, Saurabh Agarwal, emphasized the need for the next wave of GST reforms to tackle working capital blockages and implement sector-specific solutions.
Indian Budget 2024: Jefferies sees affordable housing, capex-related businesses, consumer goods sectors getting the most benefit
Budget 2024 anticipates positive impacts on various sectors, with potential benefits for consumer goods and affordable housing. The budget may include tax cuts, interest subsidy reintroduction, and stable capital gains tax policies, fostering economic growth and fiscal prudence.
- Go To Page 1
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
Capital goods companies expected to post 9-11% revenue growth rate in FY25
As per the analysis, operating margin could moderate 80-100 basis points to 12-13% in fiscal 2025 as the market scenario continues to be highly competitive and exports remain sluggish.
Oil & gas, construction and IT head FPI sell list; realty gets most inflows
Overseas investors, FPIs, NSDL data show ₹12,519 crore sold in 11 sectors between June 1-15. Oil & gas, construction, IT, metals & mining saw money shift. Oil & gas had largest selling at ₹3,683 crore in June's first fortnight.
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
Sectors that gained mutual funds’ interest in May
In May, mutual funds showed an interest in auto, capital goods, telecom, metals, consumer durables, real estate, infrastructure leading to a month-on-month (MoM) rise in their weights, according to a report by Motilal Oswal Financial Services.
Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%
They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.
Capital goods, defence, railways segment should continue to do well in PSU space: Mihir Vora
See, the good part is that the election has voted for continuity. So, there is no change in the ruling regime, so that is a big positive because what the market and the economy were expecting is continuation of the growth policies for various segments that the earlier government had been working on.
FIIs bought stocks from these 4 sectors ahead of election results
In May, FIIs were net sellers, yet invested over Rs 11,000 crore in 4 sectors: capital goods, consumer services, realty, and telecom, ahead of Lok Sabha election results. NSDL data reveals top buys in capital goods at Rs 6,024 crore, followed by consumer services, realty, and telecom. Financial services and IT bore the brunt of FII outflows.
Govt may increase emphasis on consumption and job creation: Pramod Gubbi
So, we went into the elections quite strongly positioned for a potential adverse event. But it was not because we expected any adverse event. It is just our style of investing. So, to that extent, there has been almost next to nothing in terms of changes that we have made pre or post elections.
FPIs stay bullish on growth stocks, cut defensive bets a bit
Foreign portfolio investors have been selling Indian shares ahead of the elections, focusing on growth stocks over defensive ones. Data from NSDL shows a decline in FMCG and IT sector weightage in FPIs' equity folio.
Why investors are favouring FMCG stocks after elections
One key reason behind FMCG becoming a preferred choice in today’s time was this year’s general election. It was the most expensive affair with an estimated campaign cost incurred by political parties reaching a record Rs 1.35 lakh crore. A significant share of this pie moves into the pockets of rural India.
Valuations in PSU capital goods, infra & defence remain expensive: Pratik Gupta
The macro environment is extremely stable, whether it is the fiscal deficit, the current account deficit, inflation, forex reserves, so that is really one of the big attractions for both global as well as domestic investors.
View: Bye, Bye PSUs, Capex Plays
State-owned companies' valuations, capital expenditure beneficiaries, and Aatmanirbhar supporters face a downturn post electoral results, impacting markets. Midcap and smallcap indices plummet over 10% amid fears of excessive valuations. The market's euphoria pre-elections led to inflated valuations, especially in the defense sector.
Capital goods, utilities, infra & real estate sectors can see further re-rating: Mihir Vora
I think the more the uncertainty reduces, the higher the markets can go in terms of valuations and that applies to stocks specifically and that applies to the markets in general also.
Commodities as a sector will get re-rated globally: Sandeep Tandon
So far, we have seen power I think the continuity of that space will continue. Anything related to storage aspect on the energy you are talking about and maybe a lot of speculation is going on, the taxation related changes coming, GST will be part of these things.
GIFT Nifty soars 800 points; here's the trading setup for today's session
Equity markets faced pressure last week due to election uncertainties and FII selling. Analysts predict a positive market reaction on Monday post BJP win in exit polls.
Financials, capital goods likely to lead; expect rotation in defence, railway names: Gurmeet Chadha
There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing.
Diversify your portfolio to gain from post-elections policies: Mahantesh Sabarad
Mahantesh Sabarad, an Independent Market Expert, suggests that the capex theme will be lucrative, particularly for capital goods and industrial goods companies, if the current government continues. This outlook is based on the expectation of a strong emphasis on capex under the incumbent administration.
Banking sector is the place to be, don’t be put off by FII selling: Andrew Holland
Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas as well.
ETMarkets Fund Manager Talk: Stocks from these 5 sectors to dominate FY25: Sachin Trivedi, UTI AMC
Sachin Trivedi analyzes Nifty 50 earnings growth, PSU banks' performance, and sector preferences for FY25. Highlights include select private sector banks, two-wheeler segment, and healthcare space. Trivedi further says that in the long run, markets adjust to earning delivery and valuation. Therefore, investors need to moderate return expectations from the market.
3 stocks Hemang Jani is bullish on from capital goods sector
LIC Housing, in terms of the asset quality, they have done reasonably well. Top line growth was slightly lower than market expectations and we believe that NBFCs as a space can do very well given that we are going to have a slightly stable kind of interest rate environment.
Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday
Sensex fell over 100 points while the Nifty50 managed to hold on to 22,200 levels. Sectorally, buying was seen in the public sector, power, and capital goods stocks while banks, auto and FMCG stocks faced selling pressure.
PSUs in these 5 sectors have a long growth runway: Siddhartha Khemka
Siddhartha Khemka of MOFSL highlights the value of PSUs like Bharat Electronics and discusses various trends including Zomato, urban and rural consumption, two-wheeler sector, shipyard names, Vodafone, and Bharti Airtel. Khemka further says: "Among the PSUs, those in the capital goods space, defence, railways, power, utilities, metals definitely have a runway of growth."
Load More
