Capex Cycle Multibaggers

Factsheet
The “Capex Cycle Multibaggers" portfolio is aimed at focusing
on the companies which are well placed to gain from the
resurgence in industrial capex. Significant emphasis has been Investment

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placed on capex during recent budget, with 26.2% growth for
FY22E capex (| 5.54 lakh crore). Further, with 2nd wave of
| 7699
Covid peaking out, we expect gradual improvement in on-
ground execution and hence the same would usher demand
for short cycled products such as bearings, construction
equipments, material handling equipments, welding
Benchmark Inception
consumables, abrasives refractories etc. NSE 500 21st May 100%

Company Weight
Action Construction Equipment 20.7%

ICICI Securities – Retail Equity Research

Ador Welding 21.2% Methodology:

The Idirect Research team handpicks the stocks/ETF’s after undergoing extensive fundamental
Orient Refractories 20.3% check across sectors and companies through various qualitative and quantitative measures.
The process includes a 360 degree check across the fundamentals of the company. This also
Kennametal India 17.1% involves meeting the management of the companies, meeting competitors, plant visits, doing
channel check for continuous monitoring and asses the future performance of the company
NRB Bearings 20.6%

High Risk

May 21, 2021

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ICICI Securities – Retail Equity Research
Pankaj Pandey Head – Research pankaj.pandey@icicisecurities.com

ICICI Direct Research Desk,

ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road No 7, MIDC
Andheri (East)
Mumbai – 400 093
research@icicidirect.com

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Disclaimer

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investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. 9000 14000
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Defining the stock basket universe: 6000
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At ICICI Direct, we categorise the stock in terms of largecap, midcap and smallcap based on the market capitalisation process as prescribed by the SEBI. 4000 6000
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4 Capex Cycle Multibaggers NSE 500