Investing
Antique Stock Broking forecasts growth in railway, defence, and industrial sectors
© Reuters.
Antique Stock Broking has identified the railway, defense, and industrial sectors as promising multi-year investment arenas, despite a surge in their valuations due to an expanding order book. The firm anticipates a 15% and 19% expansion in revenue and earnings, respectively, for railway equipment and EPC companies over FY23–26E.
The firm also highlighted the government’s strategy to increase capital expenditure while managing revenue expenditure for deficit control. A significant uptick in power sector capex was recognized as a key driver of infrastructure growth.
Preferred stocks listed by the firm include Titagarh Rail Systems Ltd, RITES Ltd, and IRCON International Ltd in the railways sector; Hindustan Aeronautics (HAL), Bharat Dynamics Ltd in defense; and Larsen & Toubro (L&T), Siemens, BHEL, Hitachi (OTC:) Energy, Kirloskar Oil Engines in industrials.
Additionally, Antique Stock Broking underscored the potential of technology industrials companies such as Siemens, CG Power, Honeywell (NASDAQ:) Automation, ABB, and Linde (NYSE:) India. The firm also noted the influence of Production Linked Incentive (PLI) schemes and other initiatives on localization across various sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days ago
How to Be Unapologetically You and Why It Matters
-
Side Hustles7 days ago
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income7 days ago
How AI-Driven Personalization Is Transforming the Retail Industry
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com