We hosted nine capital goods companies for PL Capital Goods Week where company managements highlighted 1) strong enquiry pipeline 2) likely impact on margins and execution due to of geopolitical tension arising due to Russia & Ukraine conflicts, 3) Govt. initiative to push capex spending 4) working capital may get impacted as payment cycle from government may get prolonged due to increasing crude price. Overall commentary seems to be positive on enquiry pipelines for product companies, though some tenders may witness delay in order conversions for EPC companies. Most of the...