Upcoming capex in steel, cement and chemical companies are expected to be major beneficiaries of this digitalization and automation.
Order book of Rs 132 billion shows revenue visibility of 24 months.
Order inflows for H1FY20 has grown by 13.6% to Rs 70 billion.
We expect order inflows to show strong growth due to railways, metro projects and automation orders from steel industry.
Expect sales to grow at 12%.
Current Rate: 1315, Target: 1380, Duration: long term
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