Infra-Road - Robust Order Book, Outlook Positive
For road construction companies under our coverage, we expect revenue growth of 10% YoY, EBITDA to be flattish, and APAT to de-grow by 2% YoY...
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HSIE Results Daily: JK Cement, Apollo Tyres, Ahluwalia Contracts
JK Cement: We downgrade our rating on JK Cement (JKCE) with a revised TP of INR 2,475 (11.5x Mar-24E consolidated EBITDA) on expensive valuations
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Industrials (1QFY22 Results Preview): Loss in Momentum Due to Second Wave
We expect the bid momentum to pick up from here on. With central elections coming up in Q1FY25E, we expect strong ordering in FY22/23E. Q1FY22...
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