The company highlighted that it has witnessed decline in margins of two of its major projects but management is confident that they will improve the execution in H2, adds the brokerage.
Lucknow-Pilibhit GC project carried out by Rail Vikas Nigam Ltd. (Source: Company website)
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.