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Capital Goods

SECTOR | 06 Oct 2016

Capital Goods: 2QFY17E Results Preview

Capital Goods

HDFC Securities

We expect 2QFY17E to be on similar lines as 1QFY17, wherein the order inflows would be driven by public sector capex viz. power transmission, roads, railways and renewables. Hopes are riding on a pick-up in defence & domestic hydrocarbon orders. However we expect the same to materialise only in H2FY17E. Industrial capex in the pvt sector continues to remain elusive.

Capital Goods

SECTOR | 04 Oct 2016

CMIE Capex Database 4Oct2016

Capital Goods

Phillip Capital

New project announcements +24% qoq after adjusting for projects with low visibility: Overall, new projects announced in 2QFY17 (Rs 1.97tn) were up 32% qoq, but down 19% yoy. However, adjusting for lowervisibility projects (Rs 500bn JSW steel plant), they increased24%qoq,butfell40%yoy.Manufacturing(Rs1tn,drivenbymetalsandrefinery) and transport (Rs 611bn, led by aircrafts) accounted for 83% of new announcements. By ownership, the private sector accounted for 70%. Key projects include Go Air's aircrafts order (Rs 517bn), JSW's Odisha steel plant (Rs 500bn), CPCL's Nagapattinam refinery (Rs...

Capital Goods

SECTOR | 19 Aug 2016

Capital goods demand may take longer to recover

Economic Times

Going by the cautious management commentary of some of the capital goods companies, a turnaround will take a little longer.

Capital goods shares firm up amid listless trade; BHEL up 1%

Business Standard | 19 Aug 2016

Capital Goods

SECTOR | 16 Aug 2016

No respite from dismal order inflows for Thermax

livemint

Capital goods firm Thermax Ltd saw a 19% drop in June quarter order inflows, when compared to a year ago

Capital Goods

SECTOR | 04 Aug 2016

Capital goods: Pockets of prosperity

Business Line

The big picture for capital goods remains murky, but recent reforms have triggered a rebound in some segments. Click here for PDF ...

Capital Goods

SECTOR | 27 Jul 2016

Capital goods, engineering companies see orders surge in june

Economic Times

According to brokerage Motilal Oswal, orders worth Rs 22,300 crore were awarded in the month of June alone.

Capital Goods

SECTOR | 05 Jul 2016

Capital Goods: 1QFY17E Results Preview

Capital Goods

HDFC Securities

Top picks: Kalpataru Power (robust order flows enhancing revenue visibility), Suzlon and Inox Wind (driven by strong expected order flows). Reco change: We downgrade L&T; to Neutral as valuations turn expensive post the recent run up.

Capital Goods

SECTOR | 05 Jul 2016

CMIE Capex Database 5June2016

Capital Goods

Phillip Capital

New project announcements decline 23% yoy adjusting for projects with low visibility: Newprojectsannouncedin1QFY17(Rs1246bn)wereflatyoy.However,adjustingforafew large size projects with limited visibility (Rs 200bn steel plant expansion by Bhushan Steel and Rs 100bn fertilizer plant by China Huanqui), new project announcements declined sharply by 23% yoy. Cumulative projects announced are now at Rs 58tn (+10% yoy). Manufacturing (Rs 575bn, particularly chemical products), transport services (Rs 28bn, primarily road) and rail (Rs 63bn) accounted for 54% of these new announcements. By ownership, the private sector accounted for 73% of new project announcements. Key...

Capital Goods

SECTOR | 23 Jun 2016

Capital goods policy to help unleash potential of the sector: IEEMA

Economic Times

The government last month approved the first-ever policy for the capital goods sector envisaging creation of over 21 million new jobs by 2025.

Capital goods policy to help unleash potential of the sector'

The Financial Express | 23 Jun 2016