If added, Vodafone Idea shares may attract $213 million inflows, followed by Oberoi Realty, Zydus Lifesciences and Prestige Estates, which may see $136-137 million inflows.
Going ahead, profitability in core businesses, adoption rate of new products, and the conversion of investments into order inflows for newer products are key monitorables
Jefferies said it has 'Buy' ratings on eight of its 10 covered industrial/power companies, except Cummins and BHEL. Larsen & Toubro (L&T), Siemens Ltd, Thermax Ltd and KEI Industries Ltd are its top picks.
Jefferies, which has Thermax among its top industrial stock picks, has a buy call on the stock. Thermax should benefit from its transition into a company focused on clean energy, it has said
Capital goods and engineering companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Three things impact the demand for capital goods . First, spending by the government, spending by the private sector. Last but not the least the focus of the government policies. After the state election results, there is a higher probability that two out of three factors are likely to continue to play. Will this lead to another round of strong re-rating?