ICICI Securities: Capital Goods Sector On The Cusp Of Recovery 
A worker operates a machine which makes capsule light bulbs (Photographer Kuni Takahashi/Bloomberg)

ICICI Securities: Capital Goods Sector On The Cusp Of Recovery 

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

Given the likely recovery in capex from public sector, multilateral funded projects and certain process industries, we believe, companies like Larsen and Tubro Ltd., KEC International Ltd. will be key beneficiaries.

Having survived the worst of the Covid-19 pandemic and lockdown-related slowdown, the macro outlook is limping back to normalcy.

Public sector may continue to do the heavy lifting in terms of investments in near to medium term.

However, certain segments like pharma, chemicals, electronics, emission-norm solutions, cement, energy optimisation solutions, automation, digitalisation etc. are currently in investment mode.

Click on the attachment to read the full report:

ICICI Securities Capital Goods Outlook 2021.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.