ICICI Securities Limited
On a segment wise, piping segment was hit hard (sales down ~37% YoY) due to lower capex into infra related projects by government. Further, revenue from composite cylinder, IBCs fell sharply by 22%, 17% YoY, respectively, as volume offtake by key clients was impacted by Covid-19 related lockdown. These segments contribute ~25% of total revenue. We...
ICICI Direct released a Buy report for Brokerage Research Reports on 23 Sep, 2025.
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