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Harshit Kapadia discusses the positive export momentum in the defence sector, citing increased export demand, growth in manufacturing bigger equipment, and Indian companies' strong positioning in global markets. Anticipates continued order inflow momentum and potential valuation expansion.
Revenue from operations jumped 34.5 percent to Rs 5,260.1 crore during the quarter as the company reaped the benefits of its record order wins witnessed in 2022-23, according to an exchange filing by NCC
NCC's revenue from operations jumped 40 percent to Rs 4,719.61 crore during the quarter as the company reaped the benefits of its record order wins seen in 2022-23.
“I really do not see any reason for Reliance coming down from the current levels. In fact, our view is that Reliance deserves a valuation close to Rs 3,000 immediately. As and when value-unlocking happens, there will be significant opportunities through those. The margin profile of L&T also will change in the coming quarters. ”
NCC's revenue from operations jumped 31.9 percent to Rs 4380.39 crore during the quarter as the company reaped the benefits of its record order wins seen in 2022-23.