Branch² Intelligence
Q1 scorecard today: BHEL, Polycab lead earnings; Prestige, Newgen disappoint
Key takeaway
BHEL and Polycab Q1 earnings beat estimates, signaling strong demand in power and cables.
- Step 1BHEL and Polycab report strong Q1 earnings, beating estimates.
- Step 2Investor confidence in capital goods and cables sector improves, driving stock re-rating.
- Step 3SME suppliers to BHEL and Polycab see increased order visibility and potential for better payment terms.
Source: CNBC TV18 (Markets)
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