›Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 months
Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 months
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Look who’s at the receiving end of steel price rise: This EPC player may languish for 6 monthsBy
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Synopsis
Analysts said 20-25 per cent of the company’s order book was of fixed price in nature, and thus was impacted adversely due to the rise in commodity prices, especially steel.
Agencies
Analysts expect margins to remain depressed in the coming two quarters and so will be the stock in the near term.