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    Shivalik Bimetal Q3: Moderate performance amid weak global demand

    Continued focus on high-profile clients along with major expansionary plans and capacities built up will drive growth in the coming quarters

    Anant Chaudhary
    March 06, 2024 / 02:27 PM IST
    Shivalik Bimetal Q3: Moderate performance amid weak global demand

    Shivalik Bimetal has posted moderate performance in Q3 earnings

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Highlights: Robust volume growth of 10.1 percent Challenges in North American market; to normalise by Q2FY25 Competing with global players while domestic competition is very limited Bimetal shows remarkable growth, rising smart meter opportunity Stock trades at 24x on FY26 earnings   Shivalik Bimetal (CMP: Rs 534; Market cap: Rs 3078 Crore: Weightage: Overweight), a leading player in the electrical components industry, has posted moderate performance in Q3 earnings, with a 7 percent growth in revenue, despite facing headwinds in the North American market. The EBITDA (earnings before...

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