03-03-2024 05:25 PM | Source: PR Agency
Views on impact of Red Sea Crisis on Capital Goods Sector
![](https://portfolio.investmentguruindia.com/uploads/news/Pharma industry_789.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Mr. Avinash Pathak, Research Analyst at LKP Securities has forecasted his views on impact of Red Sea Crisis on capital goods sector. Request you to please incorporate the views if you are planning a story on the same.
"The impact of the ongoing crisis around the Red Sea on the capital goods is causing delays in the timely delivery of goods leading to slowdown in the crucial process of order conversions along with an increase in logistics costs. The effect of disruptions extends to various facets of the industry leading to an undesirable inventory buildup. Consequently, the sector could grapple with the dual challenges of managing excess inventory and a deceleration in the conversion of prospective orders, impacting the overall business dynamics and performance of these enterprises. However, the impacted companies are making provisions for the same while the long terms prospects remain positive in the sector."
Above views are of the author and not of the website kindly read disclaimer
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/Sankha Bhowmick Chief Human Resources Officer WhiteOak Capital Management.jpg)
Sankha Bhowmick joins WhiteOak Capital Management as...
![](https://portfolio.investmentguruindia.com/uploads/news/Dmart_4e.jpg)
Avenue Supermarts inches up on reporting 18% rise in...
![](https://portfolio.investmentguruindia.com/uploads/news/Brigade Enterprises.jpg)
Buy Brigade Enterprises Ltd For Target Rs.1,500By Mo...
![](https://portfolio.investmentguruindia.com/uploads/news/Ipca Laboratories Ltd.jpg)
Neutral Ipca Laboratories Ltd For Target Rs.1,140 By...
![](https://portfolio.investmentguruindia.com/uploads/news/narendramode37.jpg)
We got mandate to make India third largest economy: ...
![](https://portfolio.investmentguruindia.com/uploads/news/Muthoot Finance ltd.jpg)
Neutral Muthoot Finance Ltd For Target Rs.1,620 By M...
![](https://portfolio.investmentguruindia.com/uploads/news/hiroshiyoshida.jpg)
India, Japan to work together towards building safe ...
![](https://portfolio.investmentguruindia.com/uploads/news/Skills Revolution1231.jpg)
The Skills Revolution in HR Tech: CII and PeopleStro...
![](https://portfolio.investmentguruindia.com/uploads/news/cummins.jpg)
Buy Cummins India Ltd For Target Rs. 4,100 By Motila...
![](https://portfolio.investmentguruindia.com/uploads/news/investment37.jpg)
PE, VC investments reached $6.9 billion in May