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Capital Goods

SECTOR | 10 Jan 2018

Capital Goods: 3QFY18E Results Preview

Capital Goods

HDFC Securities

Rolling forward the valuation methodology from Sept-19E to Dec-19E, the TPs for Skipper/KKC/EIL/TMX have increased to Rs 271 (vs 261)/ Rs 1,016 (vs Rs 1,007)/Rs 216 (vs Rs 183)/Rs 1,014 (vs Rs 985). Also, the TP for Swaraj has increased to Rs 2,566 (vs Rs 2,489). Our coverage universe is likely to witness ~6% YoY growth in revenues. While Engineers India (EIL), Skipper and Swaraj Engines may clock healthy revenue growth, Cummins (KKC)/Thermax (TMX) are likely to witness lower growth at ~5/6% due to sluggish exports/lower book to bill. While Skippers revenue growth may be aided by the likely come back of the polymers segment, EILs growth is on the back of a strong order book. Swarajs growth may be driven by a 13% YoY volumes growth.

Capital Goods

SECTOR | 09 Dec 2017

Capital goods, infra order book doubles in December quarter

Business Standard

Mumbai trans-harbour link, Telangana power project give a fillip to capital order wins

Capital Goods

SECTOR | 15 Nov 2017, 09:28PM

Government plans Rs 3000 crore spend to push capital goods manufacture

Business Today

The government is also coming up with changes and support measures in key sectors including Capital Goods to fasten up employment creation, the minister added.

Capital Goods

SECTOR | 11 Sep 2017

BSE Capital Goods index extends gains; Suzlon leads

Economic Times

Larsen & Toubro, Maruti, Hindustan Unilever, HDFC Bank and Coal India were the top gainers in Sensex kitty.

Capital goods stocks in focus; L&T;, Siemens, BHEL up over 2%

Business Standard | 11 Sep 2017

Capital Goods

SECTOR | 06 Jul 2017

Capital goods industry seeks duty exemption on stainless steel imports

Business Line

Representatives of the Capital goods and Process Equipment manufacturing industry have written to the government to not levy any more duties on certain stainless steel products. In an official...

Capital Goods

SECTOR | 03 Jun 2017

Capital goods firms, analysts hopeful for better order inflow

Business Standard

Most of this would be government spends, including fertiliser projects and refining facilities