Check out: Sectoral outlook for 2012 from major industry players
Broking firm, ICICIdirect has come out with report on sector outlook for 2012. We have collated key highlights for each sector from their report. The same is as follows:
Auto - Outperform
We believe FY13E may not mimic a `V-shaped recovery`, as we expect modest near 11-13% growth. The rationale of the assumption on a segmental basis has been elucidated in the exhibit below. On a relative basis, our spectrum is most positive on PV segment while two-wheelers remain the least favoured.
Passenger vehicles
In FY13E, we believe PV segment would be a relative outperformer across the segments. The non-existent growth till now is expected to aid FY13E through its low base. Issue of higher interest rates had hit the small car segment the most, which could also rebound in a similar fashion post probable rate cuts. FY12 was also marred by labour issues at market leader Maruti, which
Natural-gas prices, sitting at two-year lows amid unseasonably warm winter weather, are worrying executives at independent oil-and-gas companies, says Tudor Pickering. "Sentiment around natural gas in Houston is bad," the firm says while calling the
Capital outlays are on target, with moderate increases projected by oil and gas companies in the upcoming months. The cost of production equipment and materials was generally flat during the past six weeks. Energy payrolls held steady.
Index heavyweights and oil & gas majors Reliance Industries rallied 1.8 per cent while ONGC fell 0.9 per cent. Technology stocks lost the ground ahead of big day - Infosys is going to declare its third quarter numbers tomorrow.