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Emkay Global also issued an "Add" rating on ABB India and shared a target price of Rs 6,100 per share
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Capital goods firms order flows portray a moderation in economic activity both in government and private sector capex, although some sectors are faring well
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At the upper end of the IPO price band, the company is valued at 29 times FY25 estimated earnings
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ABB India’s playbook is poised to cash in on high growth businesses that is aiding profitability and return ratios. Will it sustain?
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Market participants also expect the budget to indirectly benefit various sub-segments within the capital goods universe through allocations to infrastructure areas such as roads, railways, and defence.
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Net Sales are expected to increase by 13.9 percent Y-o-Y (down 20.4 percent Q-o-Q) to Rs 2,201 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 13.4 percent Y-o-Y (down 6.8 percent Q-o-Q) to Rs 426.8 crore, according to Motilal Oswal.
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Net Sales are expected to decrease by 5.5 percent Y-o-Y (down 14.1 percent Q-o-Q) to Rs 1,195.3 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 11.4 percent Y-o-Y (down 21.6 percent Q-o-Q) to Rs 4,035.3 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 6.2 percent Y-o-Y (down 26.9 percent Q-o-Q) to Rs 4,505 crore, according to Motilal Oswal.
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Net Sales are expected to decrease by 5.9 percent Y-o-Y (down 10.2 percent Q-o-Q) to Rs 2,078.8 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 7.8 percent Y-o-Y (down 55.6 percent Q-o-Q) to Rs 3,783.8 crore, according to Motilal Oswal.
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Net Sales are expected to increase by 26.9 percent Y-o-Y (up 3.4 percent Q-o-Q) to Rs 3,183.9 crore, according to Motilal Oswal.
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While short-term headwinds in the international market persist, focus on high-profile clients, major expansion plans, and capacity build-up will support growth.
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Every single sectoral index with the exception of FMCG closed in the red, with banks, realty, and PSU stocks falling the most. Adani group stocks too were among the biggest losers of the day.
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Stock Market Crash: All participants of the BSE Capital Goods index bled in the red, correcting anywhere between 1-15 percent. Weaker than expected majority for the BJP-led NDA triggered an intense wave of profit booking.
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The Nifty Manufacturing index climbed to 13,080 intraday. It has touched new all-time highs for the past five sessions. The manufacturing index has gained 57 percent in the last 12 months.
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Siemens will gain from infra capex and private sector capex too by way of strong order flows, but is the stock valuation steep?
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Various government initiatives towards incremental capex spending have aided the growth in the capital goods sector. The S&P BSE capital goods index has risen 8 percent this year, so far, against a 2 percent rise in the benchmark Nifty
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When we look at the composition of the Nifty MNC index, we find that after the FMCG sector which has a total weightage of over 31.5 percent in the index, it is the capital goods sector that constitutes over 21.5 percent weightage of the index
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Net Sales are expected to increase by 9.1 percent Y-o-Y (up 25.2 percent Q-o-Q) to Rs 2,379.1 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 17 percent Y-o-Y (up 21 percent Q-o-Q) to Rs 4,833.3 crore, according to Prabhudas Lilladher.
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Net Sales are expected to decrease by 2.3 percent Y-o-Y (down 2 percent Q-o-Q) to Rs 3,848.9 crore, according to Prabhudas Lilladher.
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Net Sales are expected to increase by 22.5 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs 2,972.1 crore, according to Prabhudas Lilladher.
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The IIP data show there has been a slight decrease in capital goods production compared to five years ago
