India headed for capex revival, $360 bn in orders: BofA

By: |
Published: November 19, 2014 4:33:51 PM

BofA-ML says $360 bn in orders are expected over FY15-17 translating into a 'robust' 11-20 pct growth for industrial sector.

Bank of America Merrill Lynch expects capex revival for India, citing pent-up demand, governments focus to ease bottlenecks as key factors.

BofA-ML says $360 billion in orders are expected over FY15-17 translating into a “robust” 11-20 pct growth for the industrial sector.

BofA also keeps “buy” rating on Larsen & Toubro, Crompton Greaves , Bharat Electronics, and Voltas  and “underperfrom” on Bharat Heavy Electricals, ABB India, Cummins India, and Siemens India . * Maintains “neutral” on Thermax.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.