Macquarie underweight on capital goods stocks, here's why
Macquarie has an underweight rating on all capital goods stocks. According to Macquarie, Maharashtra exposure will have an impact on the near-term earnings and the second wave of COVID-19 can pose some serious risks to the multiples of these companies.
Macquarie has an underweight rating on all capital goods stocks. According to Macquarie, Maharashtra exposure will have an impact on the near-term earnings and the second wave of COVID-19 can pose some serious risks to the multiples of these companies.
The brokerage house believes the biggest hit will be on Siemens - around 75 percent of the businesses could be affected. The likes of ABB India, Cummins and Thermax could also face supply chain disruptions of close to 40-45 percent of businesses.
The least impacted will be Bharat Heavy Electricals Ltd (BHEL).
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
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(Edited by : Abhishek Jha)
First Published: Apr 16, 2021 11:55 AM IST
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