IDBI Capital
We are cautiously optimistic on domestic long cycle orders. Progress on slow moving is the only ray of hope. Project announcement might take a back seat. Yet we have not given up our hopes. In domestic short cycle orders, the much-needed green-shoots specifically from Automobiles and fast moving consumer goods has rescinded back to square one, we are told. Yet we continue to like: SIEM, KKC, LT, BHEL, and NBCC IN. Products: Domestic/Long cycle we are cautiously optimistic! Products have little impact from demonetization, we foresee. Yet we remain cautiously optimistic. For long cycle products, specifically addressing to BHEL, we continue to believe that...
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