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
Techno Electric and Engineering Ltd. performance was below par due to delay in project execution and loss in the wind segment.
Current orderbook at Rs 20 billion (2.1 times trailing twelve months sales) lends growth visibility.
Order intake is likely to pick up in FY22E led by flue gas desulphurisation and Power Grid Corporation of India Ltd.'s ordering.
The company plans to enter the data centre market with an investment outlay of Rs 7.5 billion over the next two years – it expects 20% return on equity from the same.
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR