Private Capex To Drive The Next Leg Of Growth; Anand Rathi Initiates Coverage On ABB, Cummins, Siemens

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Digitalisation, de-carbonisation, de-globalisation, these 3Ds constitute the macro themes globally and are especially relevant in India today. These themes have been brewing but factors such as global warming, Covid-19 and the China+1 were catalysts. The effect is that India today is on the path to its next industrial revolution, Industry 4.0. Multi-nationals are either ramping up capacity or setting up plants to transform India into another export hub for their global supply chains; small industries are moving up to mid-size, and mid-size to large, in the process creating momentum in the capex cycle. This capex cycle is expected to be driven by core and new-age industries with impetus from public and private spending. However, till now, demand from many core industries has been subdued (cement, metal, mining, textiles, chemicals, pharma, etc.); meanwhile, demand from power transmission and distribution, urban infrastructure and the railways has been robust. The latter falls under the purview of the government and has seenrecord investment. This, webelieve has created the perfect condition for pulling in private investment..While the opportunity is immense, as we have not considered EV ecosystems, hydrogen-fuel cells, battery-storage solutions, etc., India Inc. has a strong enough balance sheet to undertake this investment. In the last 10 years of cumulative gross assets added by India Inc., the highest was in FY23 across sectors, followed by FY22. Thus, we see an upward momentum in investments. We are initiating coverage on Siemens, ABB India Ltd. and Cummins India Ltd. as they have the widest range of products and solutions to cater to the swelling industrial demand and setsbase to explore various industrial segments..Click on the attachment to read the full report:.Tata Motors - In A Strong Position Operationally: Prabhudas Lilladher.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Private Capex To Drive The Next Leg Of Growth; Anand Rathi Initiates Coverage On ABB, Cummins, Siemens

These companies have the widest range of products and solutions to cater to the swelling industrial demand and setsbase to explore various industrial segments.

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