The shares of consumer electrical makers such as Havells, Finolex Cables, Bajaj Electricals, V-Guard Industries and Crompton Greaves Consumer are poised to outperform the market over the next year as these companies may be less impacted by demonetisation, according to analysts.
Sales of light electrical products have increased in the quarter ended December 2016, led by healthy demand for B2B products despite demonetisation, according to channel checks by Ambit Capital. Demonetisation will be positive for organised players given that the share of unorganised players is now high at 35%, the brokerage said.
The demand from real estate projects has been healthy as developers have expedited the execution of near-completion projects anticipating a decline in real estate prices and to avoid any hassles caused by real estate regulations, which may come into effect in various states in FY18, according to Ambit. Read More…
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