BEML - Well-Placed To Capitalise On Opportunities: HDFC Securities Retail Research Initiates Coverage
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HDFC Securities Retail Research Report
We believe BEML Ltd. is well placed to capitalise on significant growth opportunities from the strong uptick in mining activities, capex driven demand in mining and construction equipment.
Mammoth capex of Rs 13 lakh crore in rail and Rs 3 lakh crore in metro rail by Government of India will drive growth in this sector.
The 'Make In India' and 'Aatmanirbhar Bharat' programs provide robust opportunities across all business verticals of BEML.
In the defence segment, import embargo on 101 plus 108 items will create growth opportunities for domestic players.
A strong capex in defence and railways augurs well for the Indian manufacturers.
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