Such sharp growth should help the company to achieve full-year guidance even if the order flow remains flat in the remaining three quarters of the year.
Synopsis
Drawn by the burgeoning order books of capital goods companies, FPIs have invested close to $2.8 billion in the sector on a year-to-date basis accounting for nearly one-fifth of the total FPI inflow during the period. Barring one fortnight in the current year, FPIs have been net buyers in the capital goods sector.
ET Intelligence Group: The weight of the capital goods sector in the portfolio of foreign portfolio investors (FPIs) rose to a record 3.9% in the first fortnight of August from around 2.7% a year ago, data from NSDL show.Drawn by the burgeoning order books of capital goods companies, FPIs have invested close to $2.8 billion in the sector on a year-to-date basis accounting for nearly one-fifth of the total FPI inflow during the period. Barring
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