Adding to that, digitization and opex-led demand will continue to drive the show. With Union Budget capital outlay increasing by 20%, the state-driven big infrastructure orders would aid SIEM order inflows. For a company working with two-thirds of its true potential, the operating leverage is yet to be seen. We maintain BUY. Key Highlights and Investment Rationale Strong numbers from Energy management saves the day: Company reported revenue of Rs24bn, a 6% annual growthaided by energy management and digital...