In the latest report on Indian industrials, Jefferies provides a comprehensive overview of the sector, pointing to several key indicators that signal robust performance and positive trends.
The second quarter of FY24 saw a remarkable surge in order flows, witnessing a substantial 67% year-on-year (YoY) increase. Notably, Larsen & Toubro (L&T) emerged as a frontrunner, contributing significantly to this growth with an impressive 72% YoY expansion.
Also Read
New record on BSE: Turnover hits new record at Rs 301 Lakh Crore
Jefferies notes a noteworthy 256 basis points (bps) year-on-year margin expansion for major players such as ABB, Siemens, and Thermax in Q2. This expansion is attributed to operational leverage, reflecting efficiency gains in their business operations.
India Post GDS Result 2024 Live: First merit list for 12 circles released at indiapostgdsonline.gov.in – Here’s direct link to check Ukraine’s alleged plans to attack Russian nuclear installations a global security concern Rising tensions in the Middle East: Iran, Hezbollah, and Israel on the brink of conflict Iran, Hezbollah can attack Israel today? US sounds alarm to G7 members
Industrial stocks in Jefferies’ universe have exhibited notable outperformance compared to the Nifty index over both one- and two-year periods. This trend underscores the resilience and strength of the industrial sector in the Indian market.
The report maintains a positive outlook, projecting a 16% compound annual growth rate (CAGR) in infra+ industrial capital expenditure (capex) from FY23 to FY26. This anticipated growth is a substantial uptick compared to the 6% CAGR observed in the period from FY11 to FY20.
Also Read
Jefferies report unveils potential disruptions in insurance sector with new threshold premium concept
Jefferies identifies key players as top picks for investors in the Indian industrials sector. These include Larsen & Toubro (L&T), Siemens, Thermax, and KEI. The selection is based on their performance, growth potential, and overall market positioning.
As the industrial landscape in India continues to evolve, Jefferies’ report signals optimism and confidence in the sector’s growth trajectory. The positive trends in order flows, margin expansion, and overall market outperformance provide valuable insights for investors navigating the dynamic landscape of Indian industrials.
Related Posts
If you’re a discerning bibliophile with money to burn, The Folio Society has a new release that might be perfect for your collection. A limited-edition print of William Gibson’s popular Neuromancer just arrived. Clocking in with an ultra-premium $600 price tag, it’ll likely become one of the most sought-after editions of the classic science fiction novel. It’s restricted to just 500 cop…
Read moreStreaming services have been cranking up their prices in recent months, and now Peacock is the latest to follow that trend. As listed on its official site, the service is increasing its prices by a significant amount for all three major plans, though the optional monthly add-on to the premium plus plan remains unchanged.
The price of Peacock’s Premium Annual plan is increasing b…
Read moreEvercore Heroes is a competitive PvE game in which each match sees your squad of four participating in missions against hordes of AI-controlled enemies, but you’re doing so at the same time as three other teams all on the same map. So it’s a little PvP too in terms of each match being a race between four different teams. It’s a creative idea for Vela Games’ debut title, upping the ante of PvE s…
Read moreIn a new profile of Ana de Armas (Knives Out, Blade Runner 2049) about her journey to playing Marilyn Monroe in Netflix’s recently-released NC-17 film Blonde, Variety writes about the uphill challenges the actor faced to convince the streaming service she could play the iconic and troubled model-actor. The film has started to hit theaters stateside, and comes to Netflix on September 2…
Read moreBattlefield Mobile, a free-to-play mobile version of EA and DICE’s multiplayer shooter, is no more. The game ran beta tests in select territories back in November 2022 but will now cease development. Come from bangladesh online casino
The news comes as part of EA’s Q3 2023 financial results, where it was also announced that Ape…
Read moreIf last year’s Formula One game made Codemasters’ series more accessible, then F1 2013 addresses the time commitment required to enjoy it. The addition of shorter challenge modes, coupled with some interesting departures into the sport’s history, makes this year’s edition much less intimidating. The bulk of the experience will be familiar to series veterans, but F1 2013 is a varied game that ac…
Read moreThe Indian equity indices closed on a negative note for the third trading session on May 30 as India inches towards election results. The Nifty 50 breached the psychological level of 22,500 and closed 216 points or 0.95% lower at 22,488.65. Similarly, the BSE Sensex settled down 617.30 points or 0.83% lower at 73,885.60. However, bucking the trend, banking stocks supported the market. Bank Nift…
Read moreThe stock of Nestle India rose 3% to an intraday high of Rs 2,614.45 after the company continued to pay a general licence fee, or royalty, to its parent company, Societe des Produits Nestle S.A. The current royalty rate is at 4.5% of the net sales.
“The Board of Directors on the recommendation of the Audit Committee, with only the Independent Directors voting and the Executive Dir…
Read moreMachinery maker Megatherm Induction on Saturday said it has fixed a price band of Rs 100 to Rs 108 per share for its Initial Public Offering (IPO).
The issue will open for public subscription on January 25 and conclude on January 30, the company said in a statement.
The public issue is entirely a fresh issue of 49.92 lakh equity shares, it said.
‘U’ in UPS stan…
Read moreOn Monday, shares of Reliance Industries rose almost 2% to hit a fresh 52-week high of Rs 2,792.65 on the BSE before settling at Rs 2,787.50. The surge in price movement was seen after the company’s step-down subsidiary, REC Solar Holdings, informed exchanges about selling a 100% stake in REC Solar Norway As (REC Norway) to Elkem ASA for $22 million.
The stock has risen 8% i…
Read more