Capital Goods, Defence, PVC Pipes Earnings Preview - Another Strong Quarter On The Cards: Reliance Securities
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Capital Goods, Defence, PVC Pipes Earnings Preview - Another Strong Quarter On The Cards: Reliance Securities

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.

Reliance Securities Report

We expect another strong quarter for the companies under our Capital Goods, Defence and PVC Pipe sector coverage universe led by pent-up demand for select products and gradual up-tick in economic activities.

India is expected to witness mammoth investment in infrastructure by FY25E, as envisaged by National Infrastructure Pipeline.

Again, the government’s thrust on domestic manufacturing through ‘Make in India’ and ‘Atmanirbhar Bharat’ initiative is likely to benefit the domestic players.

We continue to believe that the PVC Pipe sector is well-placed to reach ~ Rs 500 billion by FY25E by clocking 10% compound annual growth rate over FY20-25E driven by the government’s initiatives.

Click on the attachment to read the full report:

Reliance Securities Capital Goods Sector Q4FY21 Result Preview.pdf

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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.

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