ICICI Securities Limited
The Coronavirus has had a widespread impact across major economies and is now becoming a global emergency. China's (the epicentre of Coronavirus) manufacturing capacities have shut down for over a month now, creating a supply disruption of finished goods/components for consumer durable companies operating in India. However, most vendors had already made provisions for inventory due to the Chinese Lunar New Year holidays. Hence, there may not be an immediate impact in the current quarter. Our interaction with the management suggests that extension of plant shutdown...
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