At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices
In the near term, supply challenges and cost pressures to impact margins
Apollo Hospitals, Ashok Leyland, Bajaj Hindusthan, Divis Labs, Fortis Healthcare, Glenmark, Godrej Industries, IDFC, India Cements, Jet Airways, PFC, Shree Renuka Sugars, Star Health and Voltas to ann
Muted heavy truck numbers in North American market, passenger vehicle sales impacted too