Capital Goods Sector Check - T&D Benefiting From The New Investment Cycle: Motilal Oswal

"NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.We continue to expect steady ordering activity in the power transmission and distribution space based on our meetings with six players focused on T&D space and analysis of nearly 12 players commentaries on this space. Also, the pipeline of projects approved by the Central Electricity Authority of India stands robust for next two-three years. This is likely to be positive for most players in the value chain for the next four-five years. This is likely to be positive for most players in the value chain for the next four-five years. The capex-intensive nature of the value chain and high entry barriers for new players should restrict competition to a few players having control over the supply chain. As a result, these companies can either maintain their market share or improve it over the next few years. This is also likely to result in 15-20% growth in T&D or energy segment inflows and revenues. The scope for margin improvement in the near term is high for Siemens, Hitachi Energy, GE T&D, ABB, and transformer companies. .In our coverage universe, we maintain Buy on ABB India Ltd. (target price: Rs 7,500), Siemens Ltd. (target price: Rs 6,050), Kalpataru Projects International Ltd. (target price: Rs 1,200), and Larsen and Toubro Ltd. (target price: Rs 4,400). We would be more comfortable at lower valuations on Hitachi Energy India Ltd. (Sell target price: Rs 5,466) and KEC International (Neutral: target price: Rs 710)..Click on the attachment to read the full report:.Gujarat State Petronet - New Tariff Order Led To A Sharp Earnings Cut; Downgrade To Sell: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Capital Goods Sector Check - T&D Benefiting From The New Investment Cycle: Motilal Oswal

Demand-supply dynamics in favor of industry players

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Capital Goods Sector Check - T&D Benefiting From The New Investment Cycle: Motilal Oswal

Demand-supply dynamics in favor of industry players

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