Bekaert which is an international peer of Usha Martin reported 16% Topline growth and 13% EBIT growth.
Offshore Oil & Gas capex has been picking up if we read the commentaries of offshore drilling contractors in US (Both are listed).
Moreover, Bharat Wires grew its volumes by 15% and sounded positive in the concall.
Sectors often do well together. Good signs for Usha M.
Disc: no recommendation to buy or sell. No transactions in last 30 days.
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