Cummins, Kirloskar Oil, Voltamp Transformers, Ador Welding Gets A 'Buy' As IDBI Capital Initiates Coverage

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..IDBI Capital Report.India stands at a cusp of transformation, aiming to grow into a $10 trillion economy over the next decade. By adding $1 trillion every 1.5 years going forward, India is forecasted to emerge as the third-largest global economy over the next six years. This incremental growth will primarily be powered by the manufacturing sector, which will contribute 32% to the incremental GVA. The Government of India has been taking concrete steps to rev up the domestic manufacturing engine through schemes such as Gati Shakti, the National Infrastructure Pipeline and PLI benefits. Given manufacturing activity has a tremendous multiplier effect on the economy with the ability to create maximum jobs in a populous country like India, the government is aggressively pursuing its “Make in India” initiative through policy boosters and thus capitalise on this sector’s inherent advantage, which is its large domestic market. We initiate on four companies in the sector which are primed to benefit from this multi-year capex cycle..Key Highlights Cummins India Ltd., Buy +18% upside Robust demand momentum, rich MNC parentage, superior technological prowess and extensive distribution are growth drivers.Kirloskar Oil Engines Ltd., Buy +21% upside Strong demand momentum,in-house grown R&D strength and solid market share in mid-range gensets are drivers for our positive view.  Voltamp Transformers Ltd., Buy +23% upside Solid demand momentum, excellent customer portfolio, superior product performance and pristine financial discipline are drivers for our sanguine view. Ador Welding Ltd., Buy +25% upside Strong Demand momentum, Healthy potential for exports, merger benefits and a robust capex cycle are growth drivers..Click on the attachment to read the full report:.Adani Ports - Temporary Volume Hit In H1; Growth Outlook Intact: Motilal Oswal.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.

Cummins, Kirloskar Oil, Voltamp Transformers, Ador Welding Gets A 'Buy' As IDBI Capital Initiates Coverage

The brokerage is optimistic on these stocks which are primed to benefit from the multi-year capex cycle, sees upto 25% potential upside.

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Cummins, Kirloskar Oil, Voltamp Transformers, Ador Welding Gets A 'Buy' As IDBI Capital Initiates Coverage

The brokerage is optimistic on these stocks which are primed to benefit from the multi-year capex cycle, sees upto 25% potential upside.

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