JEFFERIES ON ELECTRICALS : 06.01.2022
* Jefferies believes consensus is underestimating revenue growth as estimates are lower in electricals sector. Relevant Capex should rise at 10% CAGR in FY19-24E vs 5% in FY15-19
* Believe Consensus Is Underestimating Revenue Growth As Estimates Are Lower
* Relevant Capex Should Rise At 10% CAGR In FY19-24e Vs 5% In FY15-19
* Eight Out Of Our 10 Cos Are Buy Rated, Except Cummins & BHEL
* L&T, Siemens & Thermax Are Top Picks
ELECTRICALS Sector
