Capital Goods Stocks Outlook for the week (28.05.2012 - 01.06.2012) Stocks of capital goods and engineering companies are likely to remain volatile in the coming week in line with the market, where traders are likely to roll over positions to the June derivatives series from the May series ahead of the latter's expiry Thursday. Although trading in suzlon energy ltd. stocks is seen choppy in the next few sessions, remain negative on the sector in the medium term. Despite healthy uptick in order finalisations as well as tendering activity in April 2012, we believe that visibility continues to remain weak. L&T, a stock on the back of a diversified business model, and strong earnings growth in comparison to its peers. Our outlook for power generation equipment companies remains subdued owing to larger issues over capacity, fuel availability, high cost of funds, clearance issues etc.
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