We are seeing consumption now broadening out, initially it was largely services after we reopened last year in April 2022 and it is now transitioning towards more balanced recovery in consumption with goods and services coming together.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable