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Capital Goods/Power Sector view: Positive Project-based capital goods companies saw an improvement in execution with a 13% y-o-y revenue growth, stable OPM y-o-y despite pressure on gross margins and 34.9% y-o-y rise in net profits. We expect improved order booking and execution going ahead.
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IT - Sharekhan
www.sharekhan.comKey things to watch out for: (1) Commentary on shifting of spends towards digital and Cloud technologies and strong growth visibility as industry is at a very early stage of a technology upcycle; (2) revenue growth and margin guidance from Infosys, HCL Tech, LTTS, and Wipro.
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www.sharekhan.comJanuary 03, 2022 2 Sharekhan Eagle Eye Equities Nifty daily: 17,354.05 60-minute Market breadth BSE NSE Todays Close 58,253.82 17,354.05 Advances 2435 1471
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