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 Securities Report
Carborundum Universal Ltd. has reported healthy execution in Q1 FY22 led by outperformance of abrasives and electro mineral segments.
Ceramic segment issues in terms of logistical bottlenecks may be streamlined in Q2 FY22.
Carborundum Universal is gearing up to tap into future growth areas like electric vehicles, batteries, high purity silicon carbide used in 5G technology etc.
The loss from overseas subsidiaries has reduced, and export market is expected to perform well.
Improvement in domestic utilisation along with investments due to production linked incentive scheme are expected to fuel growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.