BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Q2 FY22E is likely to be a decent quarter for the capital goods universe in terms of execution as most companies likely to recover to pre-Covid-19 levels while order inflows are yet to see any major momentum owing to a delay in finalisation and order deferrals.
Product companies are likely to post a decent quarter YoY on a low base, aided by normalisation of supply chain and dispatches.
Larsen and Toubro Ltd. announced engineering, procurement and construction orders in the range of ~Rs 5000-12500 crore (as on date, ex-services segment) across water treatment, heavy engineering, hydrocarbon, buildings and factories segments indicating muted order inflows for the quarter amid a challenging environment.
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