New Delhi: The industrial sector is likely to report a healthy quarterly performance for 4QFY24 driven by a healthy opening order book, continued execution momentum and healthy demand. “Ordering activity, by central government on sectors such as defence, roads, rail/metro-rail, power T&D etc and from private sector (data centres, renewables, real estate and process industries like steel and cement) is likely to continue its momentum, thereby driving order inflows,” JM Financial Institutional Securities said. “We continue to remain positive on the sector mainly, factoring in continued push by the government on infrastructure development and making India a manufacturing hub,” the research sa
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