Stock of the day: The upcoming quarter is expected to benefit from several key drivers, including the onset of the summer season, a potential revival in government spending, and accelerated capex by the private sector. Performance in the Electromechanical products and UCP (Unitary cooling products) segments has been consistent, supported by the ongoing cost optimisation efforts and improved operating leverage, which should enhance profitability. However, one should be watchful of overcapacity concerns in the RAC market.
first published: Feb 10, 2025 10:23 am
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